Cigna Investments Inc. New Acquires 1,390 Shares of AngloGold Ashanti plc (NYSE:AU)

Cigna Investments Inc. New grew its stake in shares of AngloGold Ashanti plc (NYSE:AU) by 17.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,581 shares of the mining company’s stock after buying an additional 1,390 shares during the period. Cigna Investments Inc. New’s holdings in AngloGold Ashanti were worth $214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of AU. Aubrey Capital Management Ltd purchased a new stake in AngloGold Ashanti during the fourth quarter valued at $1,163,000. Savant Capital LLC bought a new stake in shares of AngloGold Ashanti during the fourth quarter worth $254,000. Ninety One UK Ltd bought a new stake in AngloGold Ashanti during the 4th quarter valued at about $45,043,000. abrdn plc purchased a new stake in shares of AngloGold Ashanti in the fourth quarter valued at approximately $843,000. Finally, R Squared Ltd bought a new stake in AngloGold Ashanti during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 36.09% of the company’s stock.

Analyst Ratings Changes

AU has been the subject of several research reports. Scotiabank raised shares of 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 report on Thursday, November 21st. JPMorgan Chase & Co. lowered their price target on AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Royal Bank of Canada upgraded shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research note on Tuesday, December 3rd. Investec upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. Finally, StockNews.com downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, AngloGold Ashanti has a consensus rating of “Hold” and an average target price of $31.75.

AngloGold Ashanti Stock Performance

Shares of AU stock opened at $33.39 on Wednesday. AngloGold Ashanti plc has a 12-month low of $16.49 and a 12-month high of $33.77. The business’s 50 day moving average is $26.36 and its two-hundred day moving average is $27.37. The company has a current ratio of 1.73, a quick ratio of 1.14 and a debt-to-equity ratio of 0.46.

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.