Banque Cantonale Vaudoise Sells 4,422 Shares of AngloGold Ashanti plc (NYSE:AU)

Banque Cantonale Vaudoise lessened its position in AngloGold Ashanti plc (NYSE:AU) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 92,451 shares of the mining company’s stock after selling 4,422 shares during the period. Banque Cantonale Vaudoise’s holdings in AngloGold Ashanti were worth $2,462,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp bought a new position in AngloGold Ashanti in the 1st quarter valued at approximately $596,000. Frank Rimerman Advisors LLC bought a new position in shares of AngloGold Ashanti during the second quarter valued at $2,002,000. Oaktree Fund Advisors LLC boosted its position in shares of AngloGold Ashanti by 10.5% during the second quarter. Oaktree Fund Advisors LLC now owns 683,604 shares of the mining company’s stock valued at $17,179,000 after buying an additional 64,993 shares during the last quarter. Atomi Financial Group Inc. bought a new stake in AngloGold Ashanti in the 2nd quarter worth about $227,000. Finally, Van ECK Associates Corp raised its position in AngloGold Ashanti by 0.4% in the 3rd 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. Hedge funds and other institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Stock Performance

Shares of AU stock opened at $25.15 on Wednesday. AngloGold Ashanti plc has a 1 year low of $15.80 and a 1 year high of $32.57. The firm has a fifty day moving average price of $27.52 and a 200-day moving average price of $26.99. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.83 and a quick ratio of 1.19.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AU shares. BMO Capital Markets lifted their price target on shares of AngloGold Ashanti from $28.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Investec upgraded shares of 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. JPMorgan Chase & Co. upped their price objective on AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Scotiabank reissued a “sector underperform” rating and issued a $30.00 target price (up from $27.00) on shares of AngloGold Ashanti in a research report on Monday, August 19th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $33.67.

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.