Blue Trust Inc. Boosts Holdings in AngloGold Ashanti plc (NYSE:AU)

Blue Trust Inc. raised its stake in AngloGold Ashanti plc (NYSE:AU) by 17.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,043 shares of the mining company’s stock after acquiring an additional 1,052 shares during the quarter. Blue Trust Inc.’s holdings in AngloGold Ashanti were worth $163,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Decker Retirement Planning Inc. purchased a new stake in AngloGold Ashanti during the fourth quarter valued at about $69,000. SG Americas Securities LLC purchased a new position in shares of AngloGold Ashanti in the third quarter worth about $126,000. JPMorgan Chase & Co. raised its position in shares of AngloGold Ashanti by 378.2% in the third quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company’s stock valued at $127,000 after purchasing an additional 3,782 shares during the period. Ritholtz Wealth Management purchased a new stake in shares of AngloGold Ashanti during the 3rd quarter valued at approximately $222,000. Finally, Assenagon Asset Management S.A. bought a new position in AngloGold Ashanti in the 4th quarter worth approximately $248,000. 36.09% of the stock is owned by institutional investors.

AngloGold Ashanti Stock Down 1.0 %

Shares of NYSE AU opened at $30.89 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73. The stock’s 50-day simple moving average is $25.66 and its two-hundred day simple moving average is $27.23. AngloGold Ashanti plc has a twelve month low of $16.49 and a twelve month high of $32.57.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AU shares. StockNews.com cut shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. 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 note 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 target price for the company in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. decreased their price target on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Finally, Investec upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.75.

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.