AngloGold Ashanti plc (NYSE:AU) Shares Purchased by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV increased its position in AngloGold Ashanti plc (NYSE:AU) by 1.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 126,277 shares of the mining company’s stock after purchasing an additional 2,121 shares during the period. Azzad Asset Management Inc. ADV’s holdings in AngloGold Ashanti were worth $2,803,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AU. Van ECK Associates Corp lifted its stake in shares of AngloGold Ashanti by 3.6% in the 4th quarter. Van ECK Associates Corp now owns 25,798,967 shares of the mining company’s stock valued at $482,183,000 after purchasing an additional 898,196 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of AngloGold Ashanti by 7.8% during the 4th quarter. Vanguard Group Inc. now owns 16,743,697 shares of the mining company’s stock worth $312,940,000 after purchasing an additional 1,215,741 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of AngloGold Ashanti by 312.3% during the 4th quarter. First Eagle Investment Management LLC now owns 6,003,149 shares of the mining company’s stock worth $112,199,000 after purchasing an additional 4,547,011 shares during the period. Oaktree Capital Management LP increased its stake in AngloGold Ashanti by 8.2% in the fourth quarter. Oaktree Capital Management LP now owns 5,874,951 shares of the mining company’s stock valued at $109,803,000 after acquiring an additional 446,132 shares during the period. Finally, TT International Asset Management LTD increased its stake in AngloGold Ashanti by 38.8% in the fourth quarter. TT International Asset Management LTD now owns 3,562,919 shares of the mining company’s stock valued at $66,590,000 after acquiring an additional 995,709 shares during the period. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Stock Up 2.4 %

Shares of NYSE:AU opened at $26.12 on Thursday. AngloGold Ashanti plc has a 52 week low of $14.91 and a 52 week high of $26.40. The company has a 50 day moving average price of $24.02 and a two-hundred day moving average price of $21.20.

Analysts Set New Price Targets

A number of analysts recently weighed in on AU shares. HSBC cut shares of AngloGold Ashanti from a “hold” rating to a “reduce” rating in a research note on Friday, April 19th. Scotiabank upped their target price on shares of AngloGold Ashanti from $22.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of AngloGold Ashanti from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $24.50.

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.