AngloGold Ashanti plc (NYSE:AU) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its holdings in shares of AngloGold Ashanti plc (NYSE:AU) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,408 shares of the mining company’s stock after selling 2,358 shares during the period. The Manufacturers Life Insurance Company’s holdings in AngloGold Ashanti were worth $2,741,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. CWM LLC boosted its holdings in AngloGold Ashanti by 26.1% during the second quarter. CWM LLC now owns 2,383 shares of the mining company’s stock worth $60,000 after buying an additional 493 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of AngloGold Ashanti by 338.3% during the 2nd quarter. Blue Trust Inc. now owns 3,471 shares of the mining company’s stock worth $87,000 after acquiring an additional 2,679 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of AngloGold Ashanti in the 3rd quarter worth approximately $126,000. Cigna Investments Inc. New purchased a new position in AngloGold Ashanti in the 2nd quarter valued at approximately $206,000. Finally, Ritholtz Wealth Management acquired a new position in AngloGold Ashanti during the third quarter worth $222,000. 36.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

AngloGold Ashanti Trading Down 2.8 %

AU stock opened at $24.93 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.19 and a current ratio of 1.73. AngloGold Ashanti plc has a 52-week low of $15.80 and a 52-week high of $32.57. The stock’s fifty day simple moving average is $26.71 and its 200-day simple moving average is $27.07.

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.