AngloGold Ashanti plc (NYSE:AU) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in shares of AngloGold Ashanti plc (NYSE:AU) by 6.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,080 shares of the mining company’s stock after acquiring an additional 1,508 shares during the quarter. Quantinno Capital Management LP’s holdings in AngloGold Ashanti were worth $695,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Frank Rimerman Advisors LLC acquired a new stake in AngloGold Ashanti during the second quarter worth approximately $2,002,000. Oaktree Fund Advisors LLC boosted its holdings in shares of AngloGold Ashanti by 10.5% in the 2nd quarter. Oaktree Fund Advisors LLC now owns 683,604 shares of the mining company’s stock valued at $17,179,000 after purchasing an additional 64,993 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of AngloGold Ashanti by 1,504.8% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 391,715 shares of the mining company’s stock valued at $10,419,000 after purchasing an additional 367,306 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of AngloGold Ashanti by 0.4% in the 3rd quarter. Van ECK Associates Corp now owns 22,920,684 shares of the mining company’s stock valued at $610,378,000 after purchasing an additional 80,563 shares during the last quarter. Finally, Atomi Financial Group Inc. acquired a new position in shares of AngloGold Ashanti in the 2nd quarter valued at $227,000. Institutional investors and hedge funds own 36.09% of the company’s stock.

Wall Street Analyst Weigh In

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

AngloGold Ashanti Stock Down 3.1 %

Shares of NYSE:AU opened at $24.94 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46. AngloGold Ashanti plc has a one year low of $15.80 and a one year high of $32.57. The business’s 50-day simple moving average is $26.65 and its 200 day simple moving average is $27.08.

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.