GAMMA Investing LLC Sells 687 Shares of AngloGold Ashanti plc (NYSE:AU)

GAMMA Investing LLC trimmed its stake in AngloGold Ashanti plc (NYSE:AU) by 21.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,538 shares of the mining company’s stock after selling 687 shares during the period. GAMMA Investing LLC’s holdings in AngloGold Ashanti were worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. US Bancorp DE lifted its stake in AngloGold Ashanti by 1.0% in the third quarter. US Bancorp DE now owns 47,103 shares of the mining company’s stock worth $1,254,000 after acquiring an additional 466 shares during the period. Sei Investments Co. lifted its position in shares of AngloGold Ashanti by 1.0% in the 2nd quarter. Sei Investments Co. now owns 64,843 shares of the mining company’s stock worth $1,630,000 after purchasing an additional 656 shares during the period. Quantinno Capital Management LP boosted its stake in shares of AngloGold Ashanti by 6.1% during the third quarter. Quantinno Capital Management LP now owns 26,080 shares of the mining company’s stock valued at $695,000 after purchasing an additional 1,508 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of AngloGold Ashanti by 72.6% during the third quarter. Blue Trust Inc. now owns 5,991 shares of the mining company’s stock valued at $151,000 after purchasing an additional 2,520 shares in the last quarter. Finally, Chesapeake Capital Corp IL increased its holdings in AngloGold Ashanti by 18.9% during the third quarter. Chesapeake Capital Corp IL now owns 16,770 shares of the mining company’s stock valued at $464,000 after buying an additional 2,670 shares during the period. 36.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AU. Investec raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. lowered their price target on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Royal Bank of Canada raised AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Tuesday, December 3rd. StockNews.com downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Scotiabank upgraded shares of AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 target price for the company in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $31.75.

AngloGold Ashanti Stock Up 3.4 %

AU opened at $26.03 on Monday. The company has a fifty day moving average of $24.85 and a two-hundred day moving average of $27.18. 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 plc has a fifty-two week low of $15.80 and a fifty-two week high of $32.57. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of 8.13 and a beta of 0.94.

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.