Polianta Ltd Takes $1.10 Million Position in AngloGold Ashanti plc (NYSE:AU)

Polianta Ltd acquired a new stake in AngloGold Ashanti plc (NYSE:AU - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 47,800 shares of the mining company's stock, valued at approximately $1,103,000.

Several other hedge funds also recently added to or reduced their stakes in AU. US Bancorp DE boosted its position in shares of AngloGold Ashanti by 1.0% during the 3rd quarter. US Bancorp DE now owns 47,103 shares of the mining company's stock worth $1,254,000 after purchasing an additional 466 shares during the period. Sei Investments Co. boosted its position in shares of AngloGold Ashanti by 1.0% during the second quarter. Sei Investments Co. now owns 64,843 shares of the mining company's stock worth $1,630,000 after buying an additional 656 shares during the period. Quantinno Capital Management LP boosted its position in shares of AngloGold Ashanti by 6.1% during the third quarter. Quantinno Capital Management LP now owns 26,080 shares of the mining company's stock worth $695,000 after buying an additional 1,508 shares during the period. Blue Trust Inc. grew its stake in shares of AngloGold Ashanti by 72.6% in the third quarter. Blue Trust Inc. now owns 5,991 shares of the mining company's stock valued at $151,000 after buying an additional 2,520 shares in the last quarter. Finally, Chesapeake Capital Corp IL raised its holdings in shares of AngloGold Ashanti by 18.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 16,770 shares of the mining company's stock valued at $464,000 after buying an additional 2,670 shares during the period. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

AngloGold Ashanti Stock Performance

Shares of AU traded up $0.31 during mid-day trading on Monday, reaching $27.28. The company's stock had a trading volume of 2,534,422 shares, compared to its average volume of 1,959,805. 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 plc has a 12-month low of $15.80 and a 12-month high of $32.57. The company's 50 day moving average is $24.80 and its 200 day moving average is $27.23.

Wall Street Analyst Weigh In

Several research firms have weighed in on AU. Scotiabank raised AngloGold Ashanti from a "sector underperform" rating to a "sector perform" rating and set a $30.00 target price for the company in a research report on Thursday, November 21st. Investec upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a report on Friday, October 18th. JPMorgan Chase & Co. reduced their target price on shares of AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating on the stock in a report on Friday, December 6th. Royal Bank of Canada upgraded shares of AngloGold Ashanti from a "sector perform" rating to an "outperform" rating and set a $31.00 price target for the company in a research note on Tuesday, December 3rd. Finally, StockNews.com cut AngloGold Ashanti from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $31.75.

About AngloGold Ashanti

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.