Vise Technologies Inc. Purchases 19,742 Shares of AngloGold Ashanti PLC $AU

Vise Technologies Inc. lifted its position in AngloGold Ashanti PLC (NYSE:AU) by 171.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,242 shares of the mining company’s stock after purchasing an additional 19,742 shares during the quarter. Vise Technologies Inc.’s holdings in AngloGold Ashanti were worth $2,935,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AU. Bank of New York Mellon Corp purchased a new position in AngloGold Ashanti during the second quarter worth about $100,848,000. Renaissance Technologies LLC bought a new position in shares of AngloGold Ashanti in the first quarter worth approximately $54,152,000. Carrhae Capital LLP increased its position in shares of AngloGold Ashanti by 199.1% in the second quarter. Carrhae Capital LLP now owns 756,610 shares of the mining company’s stock worth $61,202,000 after purchasing an additional 503,644 shares during the last quarter. Bank of America Corp DE raised its stake in AngloGold Ashanti by 93.6% in the first quarter. Bank of America Corp DE now owns 800,951 shares of the mining company’s stock valued at $77,981,000 after purchasing an additional 387,196 shares in the last quarter. Finally, SEB Asset Management AB purchased a new stake in AngloGold Ashanti in the first quarter valued at approximately $26,190,000. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Price Performance

Shares of AU stock opened at $87.95 on Thursday. The company has a quick ratio of 2.07, a current ratio of 2.71 and a debt-to-equity ratio of 0.15. The business’s fifty day moving average is $96.80 and its 200 day moving average is $96.64. The stock has a market cap of $44.40 billion, a price-to-earnings ratio of 10.55 and a beta of 0.72. AngloGold Ashanti PLC has a twelve month low of $65.48 and a twelve month high of $129.14.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AU. Citigroup decreased their price target on shares of AngloGold Ashanti from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Zacks Research raised shares of AngloGold Ashanti from a “strong sell” rating to a “hold” rating in a report on Friday, September 11th. Weiss Ratings downgraded shares of AngloGold Ashanti from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 27th. Scotiabank cut their target price on shares of AngloGold Ashanti from $134.00 to $128.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Finally, TD Cowen assumed coverage on shares of AngloGold Ashanti in a research report on Monday. They issued a “buy” rating and a $123.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $118.35.

AngloGold Ashanti Profile

AngloGold Ashanti plc is a global gold mining company engaged in the exploration, development, and operation of gold mines. Its principal product is refined gold, and the company also produces related byproducts at certain operations. In addition to operating mines, AngloGold Ashanti maintains exploration and development projects intended to expand and sustain its production portfolio.

The company has a geographically diversified portfolio spanning Africa, Australia, and the Americas. Its operations and projects have included assets in Ghana, Tanzania, Guinea, Côte d’Ivoire, the Democratic Republic of the Congo, Australia, Brazil, and Argentina.