Euro Pacific Asset Management LLC Has $3.14 Million Stake in AngloGold Ashanti plc (NYSE:AU)

Euro Pacific Asset Management LLC trimmed its holdings in shares of AngloGold Ashanti plc (NYSE:AU) by 14.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,978 shares of the mining company’s stock after selling 19,153 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in AngloGold Ashanti were worth $3,143,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AU. Barings LLC increased its position in AngloGold Ashanti by 395.0% during the 2nd quarter. Barings LLC now owns 1,101,183 shares of the mining company’s stock valued at $27,818,000 after purchasing an additional 878,717 shares during the period. Bank of New York Mellon Corp increased its position in shares of AngloGold Ashanti by 17.1% during the second quarter. Bank of New York Mellon Corp now owns 573,380 shares of the mining company’s stock worth $14,409,000 after buying an additional 83,641 shares during the period. Van ECK Associates Corp raised its stake in AngloGold Ashanti by 0.4% during the third quarter. Van ECK Associates Corp now owns 22,920,684 shares of the mining company’s stock worth $610,378,000 after buying an additional 80,563 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new position in AngloGold Ashanti in the second quarter valued at $2,002,000. Finally, Vanguard Group Inc. lifted its holdings in AngloGold Ashanti by 0.4% in the first quarter. Vanguard Group Inc. now owns 16,808,722 shares of the mining company’s stock valued at $373,154,000 after buying an additional 65,025 shares during the period. Institutional investors and hedge funds own 36.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AU shares. BMO Capital Markets lifted their price objective on AngloGold Ashanti from $28.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Scotiabank reiterated a “sector underperform” rating and issued a $30.00 target price (up from $27.00) on shares of AngloGold Ashanti in a report on Monday, August 19th. 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. Investec raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, StockNews.com lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $33.67.

AngloGold Ashanti Trading Down 0.7 %

Shares of NYSE:AU opened at $23.83 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48. AngloGold Ashanti plc has a 52-week low of $15.80 and a 52-week high of $32.57. The business’s 50 day simple moving average is $27.60 and its two-hundred day simple moving average is $26.93.

AngloGold Ashanti Company Profile

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.