Franklin Resources Inc. Acquires 120,000 Shares of AngloGold Ashanti Limited (AU)

Franklin Resources Inc. lifted its holdings in shares of AngloGold Ashanti Limited (NYSE:AU) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,327,443 shares of the mining company’s stock after buying an additional 120,000 shares during the period. Franklin Resources Inc. owned 1.55% of AngloGold Ashanti worth $54,289,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Schroder Investment Management Group grew its position in shares of AngloGold Ashanti by 12.3% during the 2nd quarter. Schroder Investment Management Group now owns 576,659 shares of the mining company’s stock valued at $4,533,000 after buying an additional 62,941 shares during the last quarter. LGT Capital Partners LTD. boosted its stake in AngloGold Ashanti by 29.2% during the 3rd quarter. LGT Capital Partners LTD. now owns 1,936,100 shares of the mining company’s stock valued at $16,612,000 after purchasing an additional 437,500 shares during the period. Commonwealth Bank of Australia boosted its stake in AngloGold Ashanti by 20.5% during the 2nd quarter. Commonwealth Bank of Australia now owns 142,139 shares of the mining company’s stock valued at $1,163,000 after purchasing an additional 24,200 shares during the period. Northern Trust Corp boosted its stake in AngloGold Ashanti by 6.1% during the 2nd quarter. Northern Trust Corp now owns 448,226 shares of the mining company’s stock valued at $3,680,000 after purchasing an additional 25,915 shares during the period. Finally, Bridgewater Associates LP boosted its stake in AngloGold Ashanti by 10.3% during the 2nd quarter. Bridgewater Associates LP now owns 78,223 shares of the mining company’s stock valued at $642,000 after purchasing an additional 7,327 shares during the period. 39.82% of the stock is owned by institutional investors and hedge funds.

AngloGold Ashanti stock opened at $11.28 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 0.79. AngloGold Ashanti Limited has a 52-week low of $7.07 and a 52-week high of $12.00.

A number of research firms have issued reports on AU. Zacks Investment Research lowered shares of AngloGold Ashanti from a “hold” rating to a “sell” rating in a research note on Monday, December 3rd. Citigroup lowered shares of AngloGold Ashanti from a “neutral” rating to a “sell” rating in a research note on Tuesday, November 6th. ValuEngine raised shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a research note on Friday, October 12th. Finally, Royal Bank of Canada lowered shares of AngloGold Ashanti from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 18th.

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About AngloGold Ashanti

AngloGold Ashanti Limited operates as a gold mining company. The company also produces silver, uranium oxide, and sulphuric acid. Its portfolio includes 17 operations and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was founded in 1944 and is headquartered in Johannesburg, South Africa.

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Institutional Ownership by Quarter for AngloGold Ashanti (NYSE:AU)

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