35,966 Shares in AngloGold Ashanti PLC $AU Acquired by Metis Global Partners LLC

Metis Global Partners LLC bought a new position in AngloGold Ashanti PLC (NYSE:AU) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,966 shares of the mining company’s stock, valued at approximately $2,529,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC bought a new stake in shares of AngloGold Ashanti in the 3rd quarter worth $25,000. UMB Bank n.a. boosted its stake in AngloGold Ashanti by 129.0% during the third quarter. UMB Bank n.a. now owns 490 shares of the mining company’s stock valued at $34,000 after buying an additional 276 shares in the last quarter. Optimum Investment Advisors acquired a new position in AngloGold Ashanti during the third quarter worth about $35,000. Smartleaf Asset Management LLC bought a new stake in AngloGold Ashanti in the third quarter worth about $53,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in AngloGold Ashanti by 330.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 964 shares of the mining company’s stock valued at $68,000 after acquiring an additional 740 shares during the last quarter. 36.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AU shares. Zacks Research upgraded shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. raised their target price on shares of AngloGold Ashanti from $128.00 to $131.00 and gave the stock an “overweight” rating in a report on Wednesday, December 3rd. Roth Mkm lifted their price target on shares of AngloGold Ashanti from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of AngloGold Ashanti in a report on Wednesday, January 21st. Finally, Citigroup raised their price objective on AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, AngloGold Ashanti presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

AngloGold Ashanti Stock Up 4.9%

AU stock opened at $109.89 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.58 and a quick ratio of 1.98. The firm has a market capitalization of $55.48 billion, a P/E ratio of 24.21 and a beta of 0.59. AngloGold Ashanti PLC has a 52-week low of $28.44 and a 52-week high of $115.81. The company’s 50 day simple moving average is $95.06 and its 200-day simple moving average is $77.30.

About AngloGold Ashanti

AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by‑products depending on local geology and processing methods.

The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.