Geode Capital Management LLC Has $8.71 Million Stake in AngloGold Ashanti plc (NYSE:AU)

Geode Capital Management LLC increased its stake in shares of AngloGold Ashanti plc (NYSE:AU) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327,108 shares of the mining company’s stock after buying an additional 8,676 shares during the quarter. Geode Capital Management LLC owned about 0.08% of AngloGold Ashanti worth $8,711,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new position in shares of AngloGold Ashanti in the 3rd quarter valued at $1,606,000. State Street Corp boosted its stake in AngloGold Ashanti by 546.2% in the third quarter. State Street Corp now owns 211,826 shares of the mining company’s stock valued at $5,641,000 after buying an additional 179,045 shares in the last quarter. Quantinno Capital Management LP grew its position in AngloGold Ashanti by 6.1% in the third quarter. Quantinno Capital Management LP now owns 26,080 shares of the mining company’s stock valued at $695,000 after acquiring an additional 1,508 shares during the last quarter. Petrus Trust Company LTA acquired a new position in AngloGold Ashanti during the third quarter worth about $683,000. Finally, Point72 Asset Management L.P. bought a new position in shares of AngloGold Ashanti in the third quarter worth about $2,446,000. Institutional investors own 36.09% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. 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 report on Thursday, November 21st. Royal Bank of Canada upgraded 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. StockNews.com lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Investec raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. dropped their price target 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, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.75.

AngloGold Ashanti Trading Up 5.5 %

Shares of AU stock opened at $24.34 on Friday. The company has a market capitalization of $10.22 billion, a PE ratio of 7.61 and a beta of 0.94. AngloGold Ashanti plc has a 52-week low of $15.80 and a 52-week high of $32.57. The business’s fifty day moving average is $25.31 and its 200 day 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 Company 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.