Public Sector Pension Investment Board Acquires 101,986 Shares of AngloGold Ashanti PLC $AU

Public Sector Pension Investment Board raised its holdings in shares of AngloGold Ashanti PLC (NYSE:AU) by 70.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 246,227 shares of the mining company’s stock after buying an additional 101,986 shares during the quarter. Public Sector Pension Investment Board owned about 0.06% of AngloGold Ashanti worth $17,319,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Empowered Funds LLC purchased a new position in shares of AngloGold Ashanti during the first quarter worth about $321,000. Yousif Capital Management LLC lifted its position in AngloGold Ashanti by 102.6% during the second quarter. Yousif Capital Management LLC now owns 13,101 shares of the mining company’s stock valued at $597,000 after purchasing an additional 6,636 shares during the last quarter. Ritholtz Wealth Management grew its stake in AngloGold Ashanti by 53.0% in the 2nd quarter. Ritholtz Wealth Management now owns 9,793 shares of the mining company’s stock worth $446,000 after buying an additional 3,393 shares in the last quarter. Drive Wealth Management LLC bought a new position in shares of AngloGold Ashanti in the 2nd quarter worth $357,000. Finally, Amalgamated Bank purchased a new stake in shares of AngloGold Ashanti during the 2nd quarter valued at $1,270,000. Hedge funds and other institutional investors own 36.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on AU shares. Citigroup upped their target price on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Wall Street Zen upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Roth Mkm raised their price objective on AngloGold Ashanti from $84.00 to $92.00 and gave the company a “buy” rating in a report on Monday, December 15th. Scotiabank upped their target price on AngloGold Ashanti from $92.00 to $131.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of AngloGold Ashanti in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.00.

AngloGold Ashanti Trading Up 4.9%

NYSE AU opened at $109.89 on Friday. The firm has a market cap of $55.48 billion, a PE ratio of 24.21 and a beta of 0.59. AngloGold Ashanti PLC has a 1-year low of $28.44 and a 1-year high of $115.81. The stock has a 50-day moving average of $95.06 and a 200-day moving average of $77.30. The company has a current ratio of 2.58, a quick ratio of 1.98 and a debt-to-equity ratio of 0.21.

About AngloGold Ashanti

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.