BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Purchases 367,306 Shares of AngloGold Ashanti plc (NYSE:AU)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in AngloGold Ashanti plc (NYSE:AU - Free Report) by 1,504.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 391,715 shares of the mining company's stock after purchasing an additional 367,306 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.09% of AngloGold Ashanti worth $10,419,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AU. FMR LLC raised its position in shares of AngloGold Ashanti by 39.5% in the third quarter. FMR LLC now owns 10,448,445 shares of the mining company's stock worth $277,968,000 after buying an additional 2,957,304 shares in the last quarter. Barings LLC increased its position in shares of AngloGold Ashanti by 395.0% during the 2nd quarter. Barings LLC now owns 1,101,183 shares of the mining company's stock valued at $27,818,000 after purchasing an additional 878,717 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in AngloGold Ashanti by 159.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,251,492 shares of the mining company's stock valued at $33,327,000 after acquiring an additional 768,363 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of AngloGold Ashanti by 297.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 259,120 shares of the mining company's stock worth $6,900,000 after acquiring an additional 193,992 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of AngloGold Ashanti by 95.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 247,292 shares of the mining company's stock worth $6,585,000 after acquiring an additional 120,844 shares during the last quarter. 36.09% of the stock is currently owned by institutional investors.

AngloGold Ashanti Price Performance

NYSE:AU traded down $0.31 during mid-day trading on Monday, reaching $24.63. 4,379,318 shares of the company's stock traded hands, compared to its average volume of 2,181,016. AngloGold Ashanti plc has a 12-month low of $15.80 and a 12-month high of $32.57. The company has a quick ratio of 1.19, a current ratio of 1.83 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average price of $26.95 and a 200-day moving average price of $27.06.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AU shares. Investec raised shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Friday, October 18th. BMO Capital Markets lifted their price objective on AngloGold Ashanti from $28.00 to $34.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price target on AngloGold Ashanti from $32.00 to $37.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Scotiabank upgraded AngloGold Ashanti from a "sector underperform" rating to a "sector perform" rating and set a $30.00 price objective for the company in a research report on Thursday, November 21st. Finally, StockNews.com cut shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $33.67.

AngloGold Ashanti 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.