Qsemble Capital Management LP Makes New $368,000 Investment in AngloGold Ashanti plc (NYSE:AU)

Qsemble Capital Management LP purchased a new position in shares of AngloGold Ashanti plc (NYSE:AU) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 13,810 shares of the mining company’s stock, valued at approximately $368,000.

Several other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in shares of AngloGold Ashanti by 297.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 259,120 shares of the mining company’s stock worth $6,900,000 after purchasing an additional 193,992 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of AngloGold Ashanti by 95.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 247,292 shares of the mining company’s stock worth $6,585,000 after acquiring an additional 120,844 shares during the period. Chesapeake Capital Corp IL boosted its stake in shares of AngloGold Ashanti by 18.9% during the 3rd quarter. Chesapeake Capital Corp IL now owns 16,770 shares of the mining company’s stock worth $464,000 after acquiring an additional 2,670 shares during the period. Van ECK Associates Corp boosted its stake in shares of AngloGold Ashanti by 0.4% during the 3rd quarter. Van ECK Associates Corp now owns 22,920,684 shares of the mining company’s stock worth $610,378,000 after acquiring an additional 80,563 shares during the period. Finally, US Bancorp DE boosted its stake in shares of AngloGold Ashanti by 1.0% during the 3rd quarter. US Bancorp DE now owns 47,103 shares of the mining company’s stock worth $1,254,000 after acquiring an additional 466 shares during the period. Institutional investors and hedge funds own 36.09% of the company’s stock.

Wall Street Analysts Forecast Growth

AU has been the subject of several research analyst reports. Investec upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. StockNews.com downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. BMO Capital Markets lifted their target price on AngloGold Ashanti from $28.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Scotiabank upgraded AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price target for the company in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. boosted their price target on AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $33.67.

AngloGold Ashanti Stock Down 2.1 %

AU opened at $24.78 on Thursday. The business has a fifty day simple moving average of $27.15 and a 200 day simple moving average of $27.04. AngloGold Ashanti plc has a 1 year low of $15.80 and a 1 year high of $32.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.19 and a current ratio of 1.83.

About AngloGold Ashanti

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.