BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Buys 367,306 Shares of AngloGold Ashanti plc (NYSE:AU)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of AngloGold Ashanti plc (NYSE:AU) by 1,504.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 391,715 shares of the mining company’s stock after acquiring an additional 367,306 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in AngloGold Ashanti were worth $10,419,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC increased its holdings in AngloGold Ashanti by 26.1% in the 2nd quarter. CWM LLC now owns 2,383 shares of the mining company’s stock valued at $60,000 after buying an additional 493 shares during the period. GAMMA Investing LLC increased its holdings in AngloGold Ashanti by 17.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,938 shares of the mining company’s stock valued at $74,000 after buying an additional 433 shares during the period. Blue Trust Inc. increased its holdings in AngloGold Ashanti by 338.3% in the 2nd quarter. Blue Trust Inc. now owns 3,471 shares of the mining company’s stock valued at $87,000 after buying an additional 2,679 shares during the period. SG Americas Securities LLC bought a new stake in AngloGold Ashanti in the 3rd quarter valued at $126,000. Finally, Cigna Investments Inc. New bought a new stake in AngloGold Ashanti in the 2nd quarter valued at $206,000. Institutional investors own 36.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AU shares. Investec raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. BMO Capital Markets upped their target price on shares of AngloGold Ashanti from $28.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. StockNews.com lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Scotiabank raised shares of AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 target price on the stock in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $33.67.

AngloGold Ashanti Stock Performance

Shares of NYSE AU opened at $24.94 on Monday. The firm’s 50-day simple moving average is $27.03 and its 200 day simple moving average is $27.06. 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 12-month low of $15.80 and a 12-month high of $32.57.

AngloGold Ashanti 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.