LGT Capital Partners LTD. Acquires 29,200 Shares of AngloGold Ashanti Limited (AU)
LGT Capital Partners LTD. increased its holdings in shares of AngloGold Ashanti Limited (NYSE:AU) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,165,600 shares of the mining company’s stock after buying an additional 29,200 shares during the period. LGT Capital Partners LTD.’s holdings in AngloGold Ashanti were worth $11,877,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Fox Run Management L.L.C. purchased a new stake in AngloGold Ashanti during the 3rd quarter worth approximately $123,000. Balyasny Asset Management LLC purchased a new stake in AngloGold Ashanti during the 2nd quarter worth approximately $183,000. Quantbot Technologies LP purchased a new stake in AngloGold Ashanti during the 2nd quarter worth approximately $219,000. Nationwide Fund Advisors increased its stake in AngloGold Ashanti by 202.5% during the 3rd quarter. Nationwide Fund Advisors now owns 24,344 shares of the mining company’s stock worth $226,000 after buying an additional 16,296 shares during the period. Finally, QCM Cayman Ltd. acquired a new position in AngloGold Ashanti during the 2nd quarter worth approximately $260,000. 31.27% of the stock is currently owned by hedge funds and other institutional investors.
AngloGold Ashanti Limited (NYSE AU) traded up $0.24 during midday trading on Thursday, reaching $10.67. 3,309,000 shares of the company’s stock traded hands, compared to its average volume of 2,774,771. The company has a quick ratio of 0.65, a current ratio of 1.57 and a debt-to-equity ratio of 0.88. AngloGold Ashanti Limited has a 12 month low of $8.86 and a 12 month high of $13.68. The firm has a market cap of $4,460.00, a PE ratio of -26.68, a PEG ratio of 0.29 and a beta of -1.40.
Several research analysts have commented on AU shares. Royal Bank of Canada upgraded shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $11.50 price target for the company in a report on Monday, November 13th. Deutsche Bank upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research upgraded shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Finally, JPMorgan Chase & Co. upgraded shares of AngloGold Ashanti from a “neutral” rating to an “overweight” rating in a report on Monday, October 16th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $11.75.
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AngloGold Ashanti 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.
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