State Street Corp Increases Position in AngloGold Ashanti plc (NYSE:AU)

State Street Corp raised its stake in AngloGold Ashanti plc (NYSE:AU - Free Report) by 546.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 211,826 shares of the mining company's stock after buying an additional 179,045 shares during the quarter. State Street Corp owned approximately 0.05% of AngloGold Ashanti worth $5,641,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AU. Quantinno Capital Management LP increased its holdings in shares of AngloGold Ashanti by 6.1% during the 3rd 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 last quarter. Petrus Trust Company LTA purchased a new position in AngloGold Ashanti in the third quarter worth approximately $683,000. Point72 Asset Management L.P. acquired a new stake in AngloGold Ashanti during the third quarter worth $2,446,000. Point72 Hong Kong Ltd purchased a new stake in AngloGold Ashanti in the third quarter valued at $1,738,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of 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 valued at $10,419,000 after purchasing an additional 367,306 shares during the last quarter. 36.09% of the stock is owned by institutional investors and hedge funds.

AngloGold Ashanti Stock Down 1.6 %

Shares of NYSE:AU traded down $0.37 during trading on Friday, hitting $23.27. The company's stock had a trading volume of 1,737,524 shares, compared to its average volume of 2,260,586. The company has a market capitalization of $9.77 billion, a PE ratio of 7.27 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73. AngloGold Ashanti plc has a fifty-two week low of $15.80 and a fifty-two week high of $32.57. The business has a 50 day moving average price of $25.88 and a two-hundred day moving average price of $27.13.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AU shares. StockNews.com downgraded 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. JPMorgan Chase & Co. reduced their price target on shares of AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating on the stock in a research note on Friday, December 6th. 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 report on Thursday, November 21st. Finally, Royal Bank of Canada upgraded shares of AngloGold Ashanti from a "sector perform" rating to an "outperform" rating and set a $31.00 target price for the company in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $31.75.

AngloGold Ashanti 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.