UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in AngloGold Ashanti plc (NYSE:AU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 159.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,251,492 shares of the mining company's stock after acquiring an additional 768,363 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.30% of AngloGold Ashanti worth $33,327,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AU. Chesapeake Capital Corp IL raised its stake in shares of AngloGold Ashanti by 3.1% during the 2nd quarter. Chesapeake Capital Corp IL now owns 14,100 shares of the mining company's stock valued at $354,000 after purchasing an additional 429 shares during the period. GAMMA Investing LLC grew its position in shares of AngloGold Ashanti by 17.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,938 shares of the mining company's stock valued at $74,000 after purchasing an additional 433 shares in the last quarter. US Bancorp DE grew its position in AngloGold Ashanti by 1.0% during the third quarter. US Bancorp DE now owns 47,103 shares of the mining company's stock worth $1,254,000 after buying an additional 466 shares in the last quarter. CWM LLC increased its position in shares of AngloGold Ashanti by 26.1% in the second quarter. CWM LLC now owns 2,383 shares of the mining company's stock worth $60,000 after purchasing an additional 493 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of AngloGold Ashanti by 1.0% during the 2nd quarter. Sei Investments Co. now owns 64,843 shares of the mining company's stock valued at $1,630,000 after buying an additional 656 shares in the last quarter. Hedge funds and other institutional investors own 36.09% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AU. JPMorgan Chase & Co. upped their price objective on AngloGold Ashanti from $32.00 to $37.00 and gave the stock an "overweight" rating in a report on Thursday, October 10th. Investec upgraded shares of AngloGold Ashanti from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. StockNews.com lowered shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. BMO Capital Markets lifted their price objective on AngloGold Ashanti from $28.00 to $34.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. Finally, Scotiabank upgraded 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. 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 MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $33.00.

AngloGold Ashanti Price Performance

Shares of AngloGold Ashanti stock traded down $0.20 during trading on Thursday, reaching $25.65. 4,932,648 shares of the stock were exchanged, compared to its average volume of 2,219,531. AngloGold Ashanti plc has a 1 year low of $15.80 and a 1 year high of $32.57. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.19 and a current ratio of 1.73. The stock's fifty day moving average is $26.76 and its 200 day moving average is $27.05.

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.