Point72 Hong Kong Ltd Acquires New Shares in AngloGold Ashanti plc (NYSE:AU)

Point72 Hong Kong Ltd bought a new stake in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 65,273 shares of the mining company's stock, valued at approximately $1,738,000.

Several other large investors also recently modified their holdings of AU. DekaBank Deutsche Girozentrale grew its stake in AngloGold Ashanti by 7.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 53,477 shares of the mining company's stock worth $1,172,000 after purchasing an additional 3,477 shares in the last quarter. GAMMA Investing LLC boosted its stake in AngloGold Ashanti by 17.3% in the second quarter. GAMMA Investing LLC now owns 2,938 shares of the mining company's stock valued at $74,000 after acquiring an additional 433 shares during the period. CWM LLC boosted its stake in AngloGold Ashanti by 26.1% in the second quarter. CWM LLC now owns 2,383 shares of the mining company's stock valued at $60,000 after acquiring an additional 493 shares during the period. Cigna Investments Inc. New acquired a new position in AngloGold Ashanti in the second quarter valued at approximately $206,000. Finally, Blue Trust Inc. boosted its stake in AngloGold Ashanti by 338.3% in the second quarter. Blue Trust Inc. now owns 3,471 shares of the mining company's stock valued at $87,000 after acquiring an additional 2,679 shares during the period. 36.09% of the stock is currently owned by institutional investors and hedge funds.

AngloGold Ashanti Trading Down 1.3 %

NYSE AU traded down $0.32 on Monday, hitting $24.62. 803,199 shares of the stock were exchanged, compared to its average volume of 2,165,305. The company's 50-day moving average price is $27.03 and its two-hundred day moving average price is $27.06. 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 plc has a 52-week low of $15.80 and a 52-week high of $32.57.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets lifted their price target on AngloGold Ashanti from $28.00 to $34.00 and gave the company an "outperform" rating in a report on Wednesday, August 7th. Scotiabank raised AngloGold Ashanti from a "sector underperform" rating to a "sector perform" rating and set a $30.00 target price on the stock in a report on Thursday, November 21st. Investec raised AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Friday, October 18th. JPMorgan Chase & Co. boosted their target price on AngloGold Ashanti from $32.00 to $37.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Finally, StockNews.com cut AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target 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.