Bridgewater Associates LP Purchases 82,788 Shares of AngloGold Ashanti plc (NYSE:AU)

Bridgewater Associates LP grew its holdings in AngloGold Ashanti plc (NYSE:AU - Free Report) by 80.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,968 shares of the mining company's stock after acquiring an additional 82,788 shares during the period. Bridgewater Associates LP's holdings in AngloGold Ashanti were worth $4,952,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in AU. Frank Rimerman Advisors LLC purchased a new stake in AngloGold Ashanti during the second quarter valued at approximately $2,002,000. Oaktree Fund Advisors LLC raised its position in AngloGold Ashanti by 10.5% during the second quarter. Oaktree Fund Advisors LLC now owns 683,604 shares of the mining company's stock valued at $17,179,000 after purchasing an additional 64,993 shares during the period. Van ECK Associates Corp raised its position in AngloGold Ashanti by 0.4% during the third quarter. Van ECK Associates Corp now owns 22,920,684 shares of the mining company's stock valued at $610,378,000 after purchasing an additional 80,563 shares during the period. Atomi Financial Group Inc. purchased a new stake in AngloGold Ashanti during the second quarter valued at approximately $227,000. Finally, Handelsbanken Fonder AB raised its position in AngloGold Ashanti by 30.6% during the third quarter. Handelsbanken Fonder AB now owns 119,500 shares of the mining company's stock valued at $3,182,000 after purchasing an additional 28,000 shares during the period. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on AU. BMO Capital Markets upped their price objective on AngloGold Ashanti from $28.00 to $34.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. StockNews.com downgraded AngloGold Ashanti from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Scotiabank upgraded 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 report on Thursday, November 21st. JPMorgan Chase & Co. upped their target price on AngloGold Ashanti from $32.00 to $37.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Finally, Investec raised AngloGold Ashanti from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $33.67.

AngloGold Ashanti Trading Up 0.6 %

Shares of AU traded up $0.15 during mid-day trading on Friday, reaching $24.94. 8,113,893 shares of the company's stock traded hands, compared to its average volume of 3,468,391. The stock's 50-day moving average is $27.03 and its two-hundred day moving average is $27.05. AngloGold Ashanti plc has a 12 month low of $15.80 and a 12 month high of $32.57. The company has a current ratio of 1.83, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48.

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.