AngloGold Ashanti plc (NYSE:AU) Shares Sold by GAMMA Investing LLC

GAMMA Investing LLC lowered its position in AngloGold Ashanti plc (NYSE:AU) by 21.3% during the fourth quarter, HoldingsChannel reports. 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its position in shares of AngloGold Ashanti by 0.4% in the third 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 in the last quarter. FMR LLC lifted its stake in AngloGold Ashanti by 39.5% during the third quarter. FMR LLC now owns 10,448,445 shares of the mining company’s stock worth $277,968,000 after purchasing an additional 2,957,304 shares in the last quarter. TT International Asset Management LTD boosted its position in shares of AngloGold Ashanti by 51.3% during the third quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company’s stock worth $75,525,000 after buying an additional 962,141 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings 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 valued at $33,327,000 after acquiring an additional 768,363 shares during the period. Finally, Oaktree Fund Advisors LLC grew its position in 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 acquiring an additional 64,993 shares in the last quarter. Institutional investors and hedge funds own 36.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently 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 price objective on the stock in a research note on Tuesday, December 3rd. 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 note on Thursday, November 21st. JPMorgan Chase & Co. cut their price target on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. StockNews.com downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Investec upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. 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. Based on data from MarketBeat, AngloGold Ashanti has a consensus rating of “Hold” and an average price target of $31.75.

AngloGold Ashanti Price Performance

AU stock opened at $26.03 on Monday. The stock has a 50-day moving average price of $24.85 and a two-hundred day moving average price of $27.18. The company has a market cap of $10.93 billion, a PE ratio of 8.13 and a beta of 0.94. AngloGold Ashanti plc has a 12-month low of $15.80 and a 12-month high of $32.57. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46.

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.