Aubrey Capital Management Ltd Acquires New Stake in AngloGold Ashanti plc (NYSE:AU)

Aubrey Capital Management Ltd acquired a new position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 50,387 shares of the mining company's stock, valued at approximately $1,163,000.

Other institutional investors also recently made changes to their positions in the company. Creative Planning boosted its stake in shares of AngloGold Ashanti by 18.2% in the second quarter. Creative Planning now owns 17,961 shares of the mining company's stock valued at $451,000 after buying an additional 2,768 shares during the period. SG Americas Securities LLC bought a new stake in shares of AngloGold Ashanti in the third quarter valued at approximately $126,000. Ritholtz Wealth Management bought a new stake in shares of AngloGold Ashanti in the third quarter valued at approximately $222,000. ORG Partners LLC bought a new stake in shares of AngloGold Ashanti in the third quarter valued at approximately $629,000. Finally, Blue Trust Inc. boosted its stake in shares of AngloGold Ashanti by 72.6% in the third quarter. Blue Trust Inc. now owns 5,991 shares of the mining company's stock valued at $151,000 after buying an additional 2,520 shares during the period. Institutional investors own 36.09% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price target on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating for the company in a research note on Friday, December 6th. Royal Bank of Canada upgraded AngloGold Ashanti from a "sector perform" rating to an "outperform" rating and set a $31.00 price target for the company in a research note on Tuesday, December 3rd. Investec upgraded AngloGold Ashanti from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. StockNews.com cut AngloGold Ashanti from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, Scotiabank upgraded AngloGold Ashanti from a "sector underperform" rating to a "sector perform" rating and set a $30.00 target price for the company in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $31.75.

AngloGold Ashanti Trading Up 0.3 %

NYSE AU traded up $0.10 on Thursday, hitting $33.26. 1,246,909 shares of the company's stock were exchanged, compared to its average volume of 2,383,868. The stock has a 50-day moving average of $26.66 and a 200-day moving average of $27.46. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46. AngloGold Ashanti plc has a 52 week low of $16.49 and a 52 week high of $33.77.

About AngloGold Ashanti

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.