American Century Companies Inc. raised its position in AngloGold Ashanti Limited (NYSE:AU) by 27.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 738,476 shares of the mining company’s stock after acquiring an additional 159,800 shares during the period. American Century Companies Inc.’s holdings in AngloGold Ashanti were worth $7,525,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in AU. Fox Run Management L.L.C. acquired a new stake in shares of AngloGold Ashanti in the 3rd quarter worth $123,000. Nationwide Fund Advisors increased its holdings in shares of AngloGold Ashanti by 202.5% in the 3rd quarter. Nationwide Fund Advisors now owns 24,344 shares of the mining company’s stock valued at $226,000 after purchasing an additional 16,296 shares in the last quarter. Virtu Financial LLC increased its holdings in shares of AngloGold Ashanti by 377.0% in the 3rd quarter. Virtu Financial LLC now owns 84,891 shares of the mining company’s stock valued at $241,000 after purchasing an additional 67,094 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in shares of AngloGold Ashanti by 22.2% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 29,292 shares of the mining company’s stock valued at $285,000 after purchasing an additional 5,314 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of AngloGold Ashanti in the 2nd quarter valued at about $442,000. Institutional investors own 31.51% of the company’s stock.
AngloGold Ashanti Limited (NYSE:AU) opened at $9.90 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 1.57 and a debt-to-equity ratio of 0.88. The stock has a market cap of $4,150.00, a PE ratio of -24.75, a PEG ratio of 0.24 and a beta of -1.18. AngloGold Ashanti Limited has a twelve month low of $8.86 and a twelve month high of $13.31.
AU has been the subject of a number of research analyst reports. 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 downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Finally, ValuEngine downgraded shares of AngloGold Ashanti from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $11.25.
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AngloGold Ashanti 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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