Azzad Asset Management Inc. ADV Sells 493 Shares of AngloGold Ashanti plc (NYSE:AU)

Azzad Asset Management Inc. ADV reduced its holdings in AngloGold Ashanti plc (NYSE:AU) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 118,576 shares of the mining company’s stock after selling 493 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in AngloGold Ashanti were worth $2,737,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AU. R Squared Ltd bought a new position in AngloGold Ashanti in the fourth quarter worth approximately $36,000. Decker Retirement Planning Inc. bought a new stake in AngloGold Ashanti during the 4th quarter valued at $69,000. SG Americas Securities LLC acquired a new position in AngloGold Ashanti during the third quarter worth $126,000. JPMorgan Chase & Co. lifted its stake in shares of AngloGold Ashanti by 378.2% in the third quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company’s stock valued at $127,000 after buying an additional 3,782 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of AngloGold Ashanti by 72.6% during the third quarter. Blue Trust Inc. now owns 5,991 shares of the mining company’s stock valued at $151,000 after buying an additional 2,520 shares during the last quarter. 36.09% of the stock is owned by institutional investors and hedge funds.

AngloGold Ashanti Trading Down 0.6 %

NYSE:AU opened at $33.39 on Wednesday. The firm’s 50 day moving average is $26.36 and its 200 day moving average is $27.37. AngloGold Ashanti plc has a 12 month low of $16.49 and a 12 month high of $33.77. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46.

Analysts Set New Price Targets

AU has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price target on shares of AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Investec raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. StockNews.com downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Royal Bank of Canada upgraded 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 report on Tuesday, December 3rd. Finally, 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 note on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $31.75.

AngloGold Ashanti 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.