Charles Schwab Investment Management Inc. increased its stake in AngloGold Ashanti plc (NYSE:AU - Free Report) by 297.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 259,120 shares of the mining company's stock after purchasing an additional 193,992 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.06% of AngloGold Ashanti worth $6,900,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of AU. CWM LLC raised its position in AngloGold Ashanti by 26.1% during the second quarter. CWM LLC now owns 2,383 shares of the mining company's stock valued at $60,000 after purchasing an additional 493 shares in the last quarter. Blue Trust Inc. increased its stake in shares of AngloGold Ashanti by 338.3% in the 2nd quarter. Blue Trust Inc. now owns 3,471 shares of the mining company's stock valued at $87,000 after purchasing an additional 2,679 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of AngloGold Ashanti during the 3rd quarter worth $126,000. Ritholtz Wealth Management bought a new stake in shares of AngloGold Ashanti during the 3rd quarter worth $222,000. Finally, Atomi Financial Group Inc. acquired a new stake in AngloGold Ashanti in the second quarter valued at about $227,000. Institutional investors own 36.09% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have commented on AU. Investec raised AngloGold Ashanti from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. Royal Bank of Canada upgraded shares of AngloGold Ashanti from a "sector perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a research report on Tuesday, December 3rd. StockNews.com lowered shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. lowered their price target on shares of AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating for the company in a report on Friday, December 6th. Finally, Scotiabank upgraded AngloGold Ashanti from a "sector underperform" rating to a "sector perform" rating and set a $30.00 price target for the company in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $31.75.
Check Out Our Latest Report on AngloGold Ashanti
AngloGold Ashanti Trading Down 5.1 %
NYSE AU traded down $1.39 on Thursday, hitting $25.76. The company's stock had a trading volume of 6,016,252 shares, compared to its average volume of 2,247,466. The company's 50-day moving average is $26.65 and its 200 day moving average is $27.08. AngloGold Ashanti plc has a 1-year low of $15.80 and a 1-year high of $32.57. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46.
AngloGold Ashanti Company Profile
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Free Report)
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.
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