Point72 Asset Management L.P. Acquires New Position in AngloGold Ashanti plc (NYSE:AU)

Point72 Asset Management L.P. acquired a new stake in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 91,863 shares of the mining company's stock, valued at approximately $2,446,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC purchased a new position in shares of AngloGold Ashanti in the second quarter valued at about $2,002,000. Oaktree Fund Advisors LLC raised its stake in AngloGold Ashanti by 10.5% during the 2nd 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. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in AngloGold Ashanti by 1,504.8% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 391,715 shares of the mining company's stock worth $10,419,000 after purchasing an additional 367,306 shares in the last quarter. Van ECK Associates Corp boosted its stake in AngloGold Ashanti by 0.4% in the 3rd quarter. Van ECK Associates Corp now owns 22,920,684 shares of the mining company's stock worth $610,378,000 after purchasing an additional 80,563 shares during the period. Finally, Atomi Financial Group Inc. purchased a new stake in AngloGold Ashanti during the 2nd quarter valued at approximately $227,000. 36.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. StockNews.com lowered shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Investec raised shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. 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, November 21st. JPMorgan Chase & Co. cut their target price on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, Royal Bank of Canada raised shares of AngloGold Ashanti from a "sector perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $31.75.

AngloGold Ashanti Price Performance

AngloGold Ashanti stock traded up $0.28 during midday trading on Tuesday, hitting $25.79. 1,151,459 shares of the stock were exchanged, compared to its average volume of 2,223,586. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. AngloGold Ashanti plc has a fifty-two week low of $15.80 and a fifty-two week high of $32.57. The stock's 50-day simple moving average is $26.69 and its 200 day simple moving average is $27.08.

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.