Majedie Asset Management Ltd Has $3.02 Million Stake in AngloGold Ashanti Limited (AU)

Majedie Asset Management Ltd cut its position in shares of AngloGold Ashanti Limited (NYSE:AU) by 42.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 310,688 shares of the mining company’s stock after selling 232,376 shares during the period. Majedie Asset Management Ltd owned about 0.08% of AngloGold Ashanti Limited worth $3,020,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AU. Comerica Bank increased its stake in AngloGold Ashanti Limited by 13.3% in the fourth quarter. Comerica Bank now owns 23,099 shares of the mining company’s stock worth $278,000 after buying an additional 2,710 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in AngloGold Ashanti Limited by 233.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 559,987 shares of the mining company’s stock worth $5,885,000 after buying an additional 392,095 shares in the last quarter. Rathbone Brothers plc increased its stake in AngloGold Ashanti Limited by 29.1% in the first quarter. Rathbone Brothers plc now owns 25,508 shares of the mining company’s stock worth $275,000 after buying an additional 5,750 shares in the last quarter. Capstone Asset Management Co. increased its stake in AngloGold Ashanti Limited by 6.6% in the first quarter. Capstone Asset Management Co. now owns 25,650 shares of the mining company’s stock worth $276,000 after buying an additional 1,580 shares in the last quarter. Finally, LGT Capital Partners LTD. increased its stake in AngloGold Ashanti Limited by 50.0% in the first quarter. LGT Capital Partners LTD. now owns 840,000 shares of the mining company’s stock worth $9,047,000 after buying an additional 280,000 shares in the last quarter. Institutional investors own 35.14% of the company’s stock.

AngloGold Ashanti Limited (AU) traded up 0.62% during midday trading on Monday, hitting $9.77. The company had a trading volume of 4,996,954 shares. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 65.13 and a beta of -1.37. The stock has a 50 day moving average of $9.74 and a 200 day moving average of $11.12. AngloGold Ashanti Limited has a 52-week low of $8.93 and a 52-week high of $22.36.

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AU has been the topic of a number of research analyst reports. Zacks Investment Research upgraded AngloGold Ashanti Limited from a “sell” rating to a “hold” rating in a research report on Friday, April 21st. Royal Bank Of Canada downgraded AngloGold Ashanti Limited from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $11.96 to $12.43 in a research report on Monday, April 24th. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) downgraded AngloGold Ashanti Limited from a “buy” rating to a “neutral” rating in a report on Monday, April 24th. CIBC downgraded AngloGold Ashanti Limited from a “sector outperform” rating to a “sector perform” rating in a report on Monday, May 8th. Finally, BidaskClub downgraded AngloGold Ashanti Limited from a “hold” rating to a “sell” rating in a report on Thursday, June 15th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $13.22.

AngloGold Ashanti Limited Company Profile

AngloGold Ashanti Limited (AngloGold Ashanti) is a gold mining company. The Company’s business activities span the spectrum of the mining value chain. Its main product is gold. Its portfolio includes over 17 mines in approximately nine countries. It also produces silver, uranium and sulfuric acid as by-products.

Institutional Ownership by Quarter for AngloGold Ashanti Limited (NYSE:AU)

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