Polianta Ltd Invests $1.10 Million in AngloGold Ashanti plc (NYSE:AU)

Polianta Ltd acquired a new stake in AngloGold Ashanti plc (NYSE:AU) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 47,800 shares of the mining company’s stock, valued at approximately $1,103,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Frank Rimerman Advisors LLC bought a new stake in shares of AngloGold Ashanti in the second quarter valued at about $2,002,000. TT International Asset Management LTD lifted its stake in AngloGold Ashanti by 51.3% in the 3rd quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company’s stock valued at $75,525,000 after acquiring an additional 962,141 shares in the last quarter. Oaktree Fund Advisors LLC boosted its position in AngloGold Ashanti by 10.5% during the 2nd quarter. Oaktree Fund Advisors LLC now owns 683,604 shares of the mining company’s stock worth $17,179,000 after acquiring an additional 64,993 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of AngloGold Ashanti by 297.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 259,120 shares of the mining company’s stock worth $6,900,000 after acquiring an additional 193,992 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of AngloGold Ashanti by 1,504.8% in the third 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. 36.09% of the stock is owned by institutional investors and hedge funds.

AngloGold Ashanti Stock Performance

NYSE:AU opened at $27.28 on Friday. 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 12-month low of $15.80 and a 12-month high of $32.57. The stock’s 50 day moving average price is $24.80 and its two-hundred day moving average price is $27.22.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Royal Bank of Canada raised shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research report on Tuesday, December 3rd. Investec upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. JPMorgan Chase & Co. dropped their target price on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. StockNews.com downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Scotiabank upgraded AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price objective on the stock in a research note on Thursday, November 21st. One 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.75.

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.