Public Sector Pension Investment Board Cuts Holdings in AngloGold Ashanti plc (NYSE:AU)

Public Sector Pension Investment Board trimmed its position in AngloGold Ashanti plc (NYSE:AU) by 2.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,212 shares of the mining company’s stock after selling 3,950 shares during the quarter. Public Sector Pension Investment Board’s holdings in AngloGold Ashanti were worth $3,628,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AU. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in AngloGold Ashanti by 4.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 209,975 shares of the mining company’s stock worth $5,592,000 after acquiring an additional 9,706 shares during the last quarter. Bridgewater Associates LP grew its holdings in shares of AngloGold Ashanti by 80.2% in the third quarter. Bridgewater Associates LP now owns 185,968 shares of the mining company’s stock valued at $4,952,000 after purchasing an additional 82,788 shares in the last quarter. FMR LLC increased its position in AngloGold Ashanti by 39.5% in the third quarter. FMR LLC now owns 10,448,445 shares of the mining company’s stock worth $277,968,000 after purchasing an additional 2,957,304 shares during the last quarter. Qsemble Capital Management LP purchased a new stake in AngloGold Ashanti during the third quarter valued at $368,000. Finally, Charles Schwab Investment Management Inc. lifted its position in AngloGold Ashanti by 297.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 259,120 shares of the mining company’s stock valued at $6,900,000 after purchasing an additional 193,992 shares during the last quarter. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

AngloGold Ashanti Stock Down 1.2 %

Shares of AU opened at $24.63 on Tuesday. AngloGold Ashanti plc has a 12-month low of $15.80 and a 12-month high of $32.57. The firm has a fifty day moving average price of $26.95 and a 200-day moving average price of $27.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.83 and a quick ratio of 1.19.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AU. BMO Capital Markets boosted 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 downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Scotiabank upgraded AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 target price for the company in a report on Thursday, November 21st. Investec upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, AngloGold Ashanti presently has a consensus rating of “Hold” and an average target price of $33.67.

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.