Savant Capital LLC Purchases New Shares in AngloGold Ashanti plc (NYSE:AU)

Savant Capital LLC purchased a new stake in AngloGold Ashanti plc (NYSE:AU) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,999 shares of the mining company’s stock, valued at approximately $254,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Ninety One UK Ltd acquired a new position in shares of AngloGold Ashanti in the 4th quarter valued at $45,043,000. abrdn plc acquired a new stake in AngloGold Ashanti during the 4th quarter worth about $843,000. R Squared Ltd acquired a new stake in AngloGold Ashanti during the 4th quarter worth about $36,000. Blue Trust Inc. boosted its position in AngloGold Ashanti by 17.6% during the 4th quarter. Blue Trust Inc. now owns 7,043 shares of the mining company’s stock worth $163,000 after acquiring an additional 1,052 shares during the period. Finally, SG Americas Securities LLC boosted its position in AngloGold Ashanti by 177.9% during the 4th quarter. SG Americas Securities LLC now owns 13,124 shares of the mining company’s stock worth $303,000 after acquiring an additional 8,401 shares during the period. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Price Performance

AU opened at $32.15 on Wednesday. AngloGold Ashanti plc has a fifty-two week low of $17.01 and a fifty-two week high of $33.77. The business has a 50-day moving average of $27.09 and a 200-day moving average of $27.56. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AU shares. Royal Bank of Canada upgraded AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Tuesday, December 3rd. StockNews.com lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a research 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 for the company in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. decreased their price objective on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AngloGold Ashanti has an average rating of “Hold” and an average target price of $31.75.

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.