Point72 Hong Kong Ltd Buys Shares of 65,273 AngloGold Ashanti plc (NYSE:AU)

Point72 Hong Kong Ltd bought a new stake in AngloGold Ashanti plc (NYSE:AU) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 65,273 shares of the mining company’s stock, valued at approximately $1,738,000.

A number of other institutional investors have also recently made changes to their positions in AU. Frank Rimerman Advisors LLC purchased a new stake in AngloGold Ashanti during the 2nd quarter valued at about $2,002,000. Oaktree Fund Advisors LLC boosted its holdings in shares of 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 purchasing an additional 64,993 shares during the last quarter. 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. Atomi Financial Group Inc. acquired a new stake in shares of AngloGold Ashanti in the second quarter valued at approximately $227,000. Finally, Handelsbanken Fonder AB lifted its position in AngloGold Ashanti by 30.6% during the third quarter. Handelsbanken Fonder AB now owns 119,500 shares of the mining company’s stock worth $3,182,000 after buying an additional 28,000 shares in the last quarter. 36.09% of the stock is owned by institutional investors and hedge funds.

AngloGold Ashanti Stock Up 0.6 %

Shares of AU opened at $24.94 on Monday. The company’s 50-day moving average price is $27.03 and its 200 day moving average price is $27.06. AngloGold Ashanti plc has a 12-month low of $15.80 and a 12-month high of $32.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.19 and a current ratio of 1.83.

Analyst Ratings Changes

Several analysts have issued reports on AU shares. JPMorgan Chase & Co. upped their target price on AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Scotiabank upgraded shares of 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 report on Thursday, November 21st. StockNews.com downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. BMO Capital Markets increased their price target on shares of AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Investec raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, AngloGold Ashanti presently has a consensus rating of “Hold” and an average target price of $33.67.

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.