35,966 Shares in AngloGold Ashanti PLC $AU Purchased by Metis Global Partners LLC

Metis Global Partners LLC acquired a new position in shares of AngloGold Ashanti PLC (NYSE:AU) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 35,966 shares of the mining company’s stock, valued at approximately $2,529,000.

Other large investors also recently made changes to their positions in the company. CoreCap Advisors LLC lifted its position in shares of AngloGold Ashanti by 27.3% in 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 in the last quarter. Farther Finance Advisors LLC increased its stake in AngloGold Ashanti by 13.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,893 shares of the mining company’s stock valued at $133,000 after buying an additional 229 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in AngloGold Ashanti by 30.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock worth $47,000 after buying an additional 238 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in AngloGold Ashanti by 27.2% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,257 shares of the mining company’s stock worth $88,000 after buying an additional 269 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of AngloGold Ashanti by 129.0% during the 3rd quarter. UMB Bank n.a. now owns 490 shares of the mining company’s stock valued at $34,000 after buying an additional 276 shares during the period. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Price Performance

Shares of NYSE:AU opened at $109.89 on Friday. The stock has a market capitalization of $55.48 billion, a P/E ratio of 24.21 and a beta of 0.59. The business has a 50-day moving average of $95.06 and a two-hundred day moving average of $77.30. AngloGold Ashanti PLC has a fifty-two week low of $28.44 and a fifty-two week high of $115.81. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.58 and a quick ratio of 1.98.

Analyst Upgrades and Downgrades

AU has been the topic of a number of research reports. Scotiabank upped their price target on shares of AngloGold Ashanti from $92.00 to $131.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. JPMorgan Chase & Co. boosted their target price on AngloGold Ashanti from $128.00 to $131.00 and gave the company an “overweight” rating in a research note on Wednesday, December 3rd. Roth Mkm raised their price target on AngloGold Ashanti from $84.00 to $92.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Wall Street Zen raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Finally, Zacks Research upgraded AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, AngloGold Ashanti presently has a consensus rating of “Moderate Buy” and a consensus 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.