Advisors Asset Management Inc. Increases Stock Holdings in AngloGold Ashanti PLC $AU

Advisors Asset Management Inc. raised its position in shares of AngloGold Ashanti PLC (NYSE:AU) by 654.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,389 shares of the mining company’s stock after purchasing an additional 9,879 shares during the quarter. Advisors Asset Management Inc.’s holdings in AngloGold Ashanti were worth $801,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. HHM Wealth Advisors LLC bought a new stake in AngloGold Ashanti during the third quarter valued at approximately $25,000. UMB Bank n.a. grew its position in shares of AngloGold Ashanti by 129.0% during the 3rd quarter. UMB Bank n.a. now owns 490 shares of the mining company’s stock valued at $34,000 after acquiring an additional 276 shares during the period. Optimum Investment Advisors purchased a new stake in shares of AngloGold Ashanti in the 3rd quarter worth $35,000. Northwestern Mutual Wealth Management Co. raised its holdings in AngloGold Ashanti by 30.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock worth $47,000 after purchasing an additional 238 shares during the period. Finally, Smartleaf Asset Management LLC purchased a new position in AngloGold Ashanti during the third quarter valued at $53,000. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Price Performance

AU stock opened at $106.08 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.98 and a current ratio of 2.58. The company’s fifty day moving average price is $96.19 and its 200-day moving average price is $78.36. AngloGold Ashanti PLC has a one year low of $28.44 and a one year high of $115.81. The company has a market capitalization of $53.56 billion, a PE ratio of 23.37 and a beta of 0.59.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. JPMorgan Chase & Co. upped their price target on AngloGold Ashanti from $128.00 to $131.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Scotiabank increased their target price on shares of AngloGold Ashanti from $92.00 to $131.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Citigroup lifted their price target on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of AngloGold Ashanti in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $95.00.

AngloGold Ashanti Company Profile

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.