AngloGold Ashanti plc (NYSE:AU) is TT International Asset Management LTD's 3rd Largest Position

TT International Asset Management LTD raised its holdings in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 51.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,836,110 shares of the mining company's stock after acquiring an additional 962,141 shares during the quarter. AngloGold Ashanti makes up approximately 9.3% of TT International Asset Management LTD's holdings, making the stock its 3rd biggest position. TT International Asset Management LTD owned approximately 0.68% of AngloGold Ashanti worth $75,525,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. CWM LLC lifted its holdings in shares of AngloGold Ashanti by 26.1% during the second quarter. CWM LLC now owns 2,383 shares of the mining company's stock worth $60,000 after buying an additional 493 shares in the last quarter. Blue Trust Inc. increased its position in shares of AngloGold Ashanti by 338.3% in the second quarter. Blue Trust Inc. now owns 3,471 shares of the mining company's stock worth $87,000 after purchasing an additional 2,679 shares during the period. SG Americas Securities LLC bought a new position in shares of AngloGold Ashanti in the third quarter worth $126,000. Cigna Investments Inc. New bought a new position in shares of AngloGold Ashanti in the second quarter worth $206,000. Finally, Ritholtz Wealth Management bought a new position in AngloGold Ashanti in the third quarter valued at about $222,000. 36.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Investec upgraded AngloGold Ashanti from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. StockNews.com lowered AngloGold Ashanti from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. cut their price target on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating on the stock in a research note on Friday, December 6th. Royal Bank of Canada raised AngloGold Ashanti from a "sector perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research note on Tuesday, December 3rd. Finally, Scotiabank raised AngloGold Ashanti from a "sector underperform" rating to a "sector perform" rating and set a $30.00 price objective on the stock in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, AngloGold Ashanti currently has a consensus rating of "Hold" and a consensus price target of $31.75.

AngloGold Ashanti Trading Up 4.9 %

AU traded up $1.27 during trading on Wednesday, hitting $27.03. The company's stock had a trading volume of 1,812,736 shares, compared to its average volume of 2,225,333. AngloGold Ashanti plc has a twelve month low of $15.80 and a twelve month high of $32.57. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. The stock's fifty day moving average price is $26.69 and its 200-day moving average price is $27.08.

AngloGold Ashanti Company Profile

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.