SG Americas Securities LLC Boosts Position in AngloGold Ashanti plc (NYSE:AU)

SG Americas Securities LLC raised its stake in AngloGold Ashanti plc (NYSE:AU - Free Report) by 177.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,124 shares of the mining company's stock after buying an additional 8,401 shares during the quarter. SG Americas Securities LLC's holdings in AngloGold Ashanti were worth $303,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AU. Squarepoint Ops LLC bought a new stake in AngloGold Ashanti in the 2nd quarter worth approximately $520,000. Creative Planning boosted its holdings in AngloGold Ashanti by 18.2% in the second quarter. Creative Planning now owns 17,961 shares of the mining company's stock valued at $451,000 after purchasing an additional 2,768 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in AngloGold Ashanti by 30.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 119,500 shares of the mining company's stock valued at $3,182,000 after acquiring an additional 28,000 shares during the last quarter. Atomi Financial Group Inc. increased its holdings in AngloGold Ashanti by 87.0% in the 3rd quarter. Atomi Financial Group Inc. now owns 16,907 shares of the mining company's stock valued at $450,000 after purchasing an additional 7,864 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new stake in AngloGold Ashanti during the 3rd quarter worth $222,000. 36.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AU shares. StockNews.com cut shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. 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 report on Thursday, November 21st. JPMorgan Chase & Co. dropped their price target on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating on the stock in a research note on Friday, December 6th. Investec upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research note on Friday, October 18th. 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 for the company in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, AngloGold Ashanti has an average rating of "Hold" and an average target price of $31.75.

AngloGold Ashanti Trading Down 0.2 %

Shares of AU traded down $0.06 during mid-day trading on Friday, reaching $31.44. 1,753,573 shares of the company's stock traded hands, compared to its average volume of 2,369,018. AngloGold Ashanti plc has a 12 month low of $16.49 and a 12 month high of $32.57. The stock's 50-day moving average is $26.18 and its two-hundred day moving average is $27.34. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. The stock has a market cap of $13.20 billion, a P/E ratio of 9.83 and a beta of 0.96.

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.