AngloGold Ashanti Limited (AU) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. boosted its holdings in shares of AngloGold Ashanti Limited (NYSE:AU) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,327,443 shares of the mining company’s stock after purchasing an additional 120,000 shares during the period. Franklin Resources Inc.’s holdings in AngloGold Ashanti were worth $54,289,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its stake in AngloGold Ashanti by 151.9% during the second quarter. Van ECK Associates Corp now owns 49,002,114 shares of the mining company’s stock valued at $402,307,000 after purchasing an additional 29,546,178 shares during the last quarter. BlackRock Inc. lifted its stake in AngloGold Ashanti by 74.7% during the third quarter. BlackRock Inc. now owns 13,766,968 shares of the mining company’s stock valued at $118,120,000 after purchasing an additional 5,888,394 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in AngloGold Ashanti by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 13,073,970 shares of the mining company’s stock valued at $107,248,000 after purchasing an additional 355,196 shares during the last quarter. Millennium Management LLC lifted its stake in AngloGold Ashanti by 121.7% during the second quarter. Millennium Management LLC now owns 2,526,053 shares of the mining company’s stock valued at $20,739,000 after purchasing an additional 1,386,681 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its stake in AngloGold Ashanti by 201.4% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 2,494,746 shares of the mining company’s stock valued at $20,482,000 after purchasing an additional 1,666,972 shares during the last quarter. 39.82% of the stock is owned by institutional investors and hedge funds.

AU stock opened at $11.28 on Friday. AngloGold Ashanti Limited has a 12 month low of $7.07 and a 12 month high of $12.00. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.79 and a current ratio of 1.84.

Several analysts recently commented on the stock. Zacks Investment Research raised shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a research note on Friday, October 26th. 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. ValuEngine lowered shares of AngloGold Ashanti from a “sell” rating to a “strong sell” rating in a research note on Friday, August 17th. Finally, Citigroup lowered shares of AngloGold Ashanti from a “neutral” rating to a “sell” rating in a research note on Tuesday, November 6th.

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AngloGold Ashanti Company Profile

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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