Sumitomo Mitsui Trust Group Inc. Trims Stock Position in AngloGold Ashanti plc (NYSE:AU)

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of AngloGold Ashanti plc (NYSE:AU) by 12.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,982 shares of the mining company’s stock after selling 4,514 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in AngloGold Ashanti were worth $715,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AU. FMR LLC raised its stake in AngloGold Ashanti by 39.5% during the 3rd quarter. FMR LLC now owns 10,448,445 shares of the mining company’s stock valued at $277,968,000 after acquiring an additional 2,957,304 shares during the last quarter. Ninety One UK Ltd acquired a new position in AngloGold Ashanti during the 4th quarter worth approximately $45,043,000. TT International Asset Management LTD increased its position in AngloGold Ashanti by 51.3% during the 3rd quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company’s stock worth $75,525,000 after purchasing an additional 962,141 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in AngloGold Ashanti by 159.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,251,492 shares of the mining company’s stock worth $33,327,000 after purchasing an additional 768,363 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in AngloGold Ashanti by 1,504.8% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 391,715 shares of the mining company’s stock worth $10,419,000 after purchasing an additional 367,306 shares during the period. 36.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on AU shares. Royal Bank of Canada upgraded 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. Scotiabank upgraded AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 target price on the stock in a research report on Thursday, November 21st. Investec upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. StockNews.com cut AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lowered their price target on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, AngloGold Ashanti presently has an average rating of “Hold” and an average price target of $31.75.

AngloGold Ashanti Trading Down 3.3 %

Shares of AngloGold Ashanti stock opened at $32.15 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. The business’s fifty day moving average is $26.81 and its two-hundred day moving average is $27.50. AngloGold Ashanti plc has a fifty-two week low of $16.82 and a fifty-two week high of $33.77.

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.