Connor Clark & Lunn Investment Management Ltd. Raises Holdings in AngloGold Ashanti plc (NYSE:AU)

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 95.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 247,292 shares of the mining company's stock after buying an additional 120,844 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.06% of AngloGold Ashanti worth $6,585,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AU. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of AngloGold Ashanti in the first quarter valued at approximately $596,000. Vanguard Group Inc. raised its position in AngloGold Ashanti by 0.4% during the first quarter. Vanguard Group Inc. now owns 16,808,722 shares of the mining company's stock worth $373,154,000 after acquiring an additional 65,025 shares during the period. Toronto Dominion Bank acquired a new position in AngloGold Ashanti during the first quarter worth $118,000. Bayesian Capital Management LP purchased a new position in AngloGold Ashanti during the first quarter valued at $256,000. Finally, Verity Asset Management Inc. purchased a new stake in shares of AngloGold Ashanti during the first quarter worth about $279,000. Hedge funds and other institutional investors own 36.09% of the company's stock.

AngloGold Ashanti Trading Up 3.0 %

Shares of AngloGold Ashanti stock traded up $0.75 on Friday, reaching $25.95. The company had a trading volume of 3,615,496 shares, compared to its average volume of 2,859,070. The firm's 50 day moving average price is $27.31 and its two-hundred day moving average price is $26.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.19 and a current ratio of 1.83. AngloGold Ashanti plc has a 52-week low of $15.80 and a 52-week high of $32.57. The firm has a market cap of $10.89 billion, a PE ratio of 8.11 and a beta of 0.96.

Analyst Upgrades and Downgrades

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

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.