10,000 Shares in AngloGold Ashanti PLC $AU Purchased by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft acquired a new stake in shares of AngloGold Ashanti PLC (NYSE:AU) in the 3rd quarter, HoldingsChannel reports. The firm acquired 10,000 shares of the mining company’s stock, valued at approximately $703,000.

A number of other institutional investors have also modified their holdings of the stock. CoreCap Advisors LLC raised its stake in shares of AngloGold Ashanti by 27.3% during the third quarter. CoreCap Advisors LLC now owns 1,006 shares of the mining company’s stock worth $71,000 after purchasing an additional 216 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of AngloGold Ashanti by 13.8% in the third quarter. Farther Finance Advisors LLC now owns 1,893 shares of the mining company’s stock valued at $133,000 after acquiring an additional 229 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of AngloGold Ashanti by 30.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock worth $47,000 after acquiring an additional 238 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in AngloGold Ashanti by 27.2% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,257 shares of the mining company’s stock worth $88,000 after purchasing an additional 269 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in AngloGold Ashanti by 129.0% in the third quarter. UMB Bank n.a. now owns 490 shares of the mining company’s stock valued at $34,000 after purchasing an additional 276 shares during the period. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Trading Up 3.3%

Shares of AngloGold Ashanti stock opened at $112.22 on Thursday. The business has a 50 day moving average price of $94.08 and a 200 day moving average price of $76.49. The company has a market capitalization of $47.10 billion, a P/E ratio of 24.72 and a beta of 0.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.58 and a quick ratio of 1.98. AngloGold Ashanti PLC has a 1 year low of $28.44 and a 1 year high of $115.81.

AngloGold Ashanti (NYSE:AU) last released its quarterly earnings results on Wednesday, November 12th. The mining company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.02). The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.53 billion. AngloGold Ashanti had a return on equity of 24.01% and a net margin of 26.25%. Sell-side analysts anticipate that AngloGold Ashanti PLC will post 3.83 EPS for the current fiscal year.

Analyst Ratings Changes

AU has been the topic of several recent analyst reports. Scotiabank boosted their target price on AngloGold Ashanti from $92.00 to $131.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. increased their price objective on AngloGold Ashanti from $128.00 to $131.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Wall Street Zen upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Citigroup increased their price target on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, Roth Mkm boosted their price objective on shares of AngloGold Ashanti from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $95.00.

AngloGold Ashanti Profile

AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by‑products depending on local geology and processing methods.

The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.