Verition Fund Management LLC Makes New Investment in AngloGold Ashanti plc (NYSE:AU)

Verition Fund Management LLC acquired a new stake in AngloGold Ashanti plc (NYSE:AU - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 23,672 shares of the mining company's stock, valued at approximately $630,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AU. Van ECK Associates Corp raised its holdings in AngloGold Ashanti by 0.4% during the third quarter. Van ECK Associates Corp now owns 22,920,684 shares of the mining company's stock worth $610,378,000 after purchasing an additional 80,563 shares in the last quarter. FMR LLC grew its holdings in AngloGold Ashanti by 39.5% during the third quarter. FMR LLC now owns 10,448,445 shares of the mining company's stock worth $277,968,000 after acquiring an additional 2,957,304 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in AngloGold Ashanti by 159.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,251,492 shares of the mining company's stock worth $33,327,000 after acquiring an additional 768,363 shares in the last quarter. Barings LLC lifted its holdings in AngloGold Ashanti by 395.0% in the second quarter. Barings LLC now owns 1,101,183 shares of the mining company's stock valued at $27,818,000 after acquiring an additional 878,717 shares during the period. Finally, Oaktree Fund Advisors LLC boosted its position in shares of AngloGold Ashanti by 10.5% during the 2nd quarter. Oaktree Fund Advisors LLC now owns 683,604 shares of the mining company's stock worth $17,179,000 after purchasing an additional 64,993 shares in the last quarter. 36.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AU has been the subject of several research reports. Investec upgraded AngloGold Ashanti from a "hold" rating to a "buy" rating in a research report on Friday, October 18th. Royal Bank of Canada raised AngloGold Ashanti from a "sector perform" rating to an "outperform" rating and set a $31.00 price target for the company in a report on Tuesday, December 3rd. Scotiabank raised AngloGold Ashanti from a "sector underperform" rating to a "sector perform" rating and set a $30.00 price objective on the stock in a research note on Thursday, November 21st. 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. Finally, StockNews.com downgraded shares of AngloGold Ashanti from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $31.75.

AngloGold Ashanti Trading Up 5.4 %

Shares of AU stock traded up $1.39 during trading hours on Wednesday, hitting $27.15. 3,276,755 shares of the company were exchanged, compared to its average volume of 2,231,696. AngloGold Ashanti plc has a one year low of $15.80 and a one year high of $32.57. The business's 50-day simple moving average is $26.66 and its two-hundred day simple moving average is $27.09. 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 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.