Raymond James & Associates acquired a new position in AngloGold Ashanti Limited (NYSE:AU) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 169,103 shares of the mining company’s stock, valued at approximately $2,215,000.

Several other institutional investors and hedge funds have also made changes to their positions in AU. Tocqueville Asset Management L.P. acquired a new position in shares of AngloGold Ashanti in the 4th quarter worth approximately $36,739,000. Deutsche Bank AG increased its position in shares of AngloGold Ashanti by 410.0% in the fourth quarter. Deutsche Bank AG now owns 2,525,033 shares of the mining company’s stock worth $31,689,000 after acquiring an additional 2,029,964 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of AngloGold Ashanti by 507.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,691,842 shares of the mining company’s stock worth $21,233,000 after acquiring an additional 1,413,497 shares in the last quarter. USS Investment Management Ltd increased its position in shares of AngloGold Ashanti by 165.9% in the first quarter. USS Investment Management Ltd now owns 2,260,000 shares of the mining company’s stock worth $29,595,000 after acquiring an additional 1,410,000 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of AngloGold Ashanti in the fourth quarter worth approximately $10,039,000. 38.37% of the stock is currently owned by institutional investors.

Several research analysts have recently weighed in on AU shares. ValuEngine raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Tuesday, February 19th. Zacks Investment Research raised shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating and set a $15.00 target price on the stock in a research report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company’s stock. AngloGold Ashanti has a consensus rating of “Hold” and an average target price of $13.33.

Shares of AngloGold Ashanti stock traded up $0.60 during trading on Wednesday, hitting $15.04. The stock had a trading volume of 911,150 shares, compared to its average volume of 3,457,119. The company has a market cap of $6.12 billion, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 0.74 and a beta of -1.10. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.55 and a quick ratio of 0.73. AngloGold Ashanti Limited has a 1 year low of $7.07 and a 1 year high of $15.86.

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About AngloGold Ashanti

AngloGold Ashanti Limited operates as a gold mining company. It also produces silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.

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

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