Lotan Holdings Inc. Acquires 50,000 Shares of AngloGold Ashanti Limited (AU) Stock

AngloGold Ashanti Limited (NYSE:AU) Director Lotan Holdings Inc. acquired 50,000 shares of AngloGold Ashanti stock in a transaction dated Tuesday, January 23rd. The shares were bought at an average cost of $0.92 per share, with a total value of $46,000.00.

Lotan Holdings Inc. also recently made the following trade(s):

  • On Friday, January 26th, Lotan Holdings Inc. acquired 16,000 shares of AngloGold Ashanti stock. The shares were bought at an average cost of $0.94 per share, with a total value of $15,040.00.

AngloGold Ashanti Limited (AU) traded down $0.03 during midday trading on Friday, reaching $11.70. 2,299,860 shares of the company traded hands, compared to its average volume of 3,070,000. AngloGold Ashanti Limited has a twelve month low of $8.86 and a twelve month high of $13.68. The company has a current ratio of 1.57, a quick ratio of 0.65 and a debt-to-equity ratio of 0.88. The firm has a market cap of $4,770.00, a P/E ratio of -29.25, a P/E/G ratio of 0.33 and a beta of -1.40.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fox Run Management L.L.C. acquired a new stake in AngloGold Ashanti in the 3rd quarter valued at $123,000. Balyasny Asset Management LLC acquired a new stake in AngloGold Ashanti in the 2nd quarter valued at $183,000. Quantbot Technologies LP acquired a new stake in AngloGold Ashanti in the 2nd quarter valued at $219,000. Nationwide Fund Advisors grew its position in AngloGold Ashanti by 202.5% in the 3rd quarter. Nationwide Fund Advisors now owns 24,344 shares of the mining company’s stock valued at $226,000 after purchasing an additional 16,296 shares during the period. Finally, Virtu Financial LLC grew its position in AngloGold Ashanti by 377.0% in the 3rd quarter. Virtu Financial LLC now owns 84,891 shares of the mining company’s stock valued at $241,000 after purchasing an additional 67,094 shares during the period. 31.28% of the stock is owned by institutional investors and hedge funds.

AU has been the subject of several recent analyst reports. Zacks Investment Research raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, January 3rd. Deutsche Bank raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Royal Bank of Canada raised shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $11.50 price objective for the company in a research report on Monday, November 13th. Finally, JPMorgan Chase & Co. raised shares of AngloGold Ashanti from a “neutral” rating to an “overweight” rating in a research report on Monday, October 16th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $11.75.

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AngloGold Ashanti Company Profile

AngloGold Ashanti Limited (AngloGold Ashanti) is a gold mining company. The Company’s business activities span the spectrum of the mining value chain. Its main product is gold. Its portfolio includes over 17 mines in approximately nine countries. It also produces silver, uranium and sulfuric acid as by-products.

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