AngloGold Ashanti PLC $AU Shares Acquired by Profund Advisors LLC

Profund Advisors LLC increased its position in AngloGold Ashanti PLC (NYSE:AU) by 45.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 52,305 shares of the mining company’s stock after buying an additional 16,389 shares during the quarter. Profund Advisors LLC’s holdings in AngloGold Ashanti were worth $3,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AU. Vanguard Group Inc. grew its stake in shares of AngloGold Ashanti by 6.1% during the second quarter. Vanguard Group Inc. now owns 22,284,407 shares of the mining company’s stock valued at $1,017,746,000 after acquiring an additional 1,281,958 shares in the last quarter. State Street Corp boosted its holdings in AngloGold Ashanti by 1,175.7% in the second quarter. State Street Corp now owns 4,967,173 shares of the mining company’s stock valued at $226,354,000 after purchasing an additional 4,577,807 shares during the last quarter. Legal & General Group Plc grew its stake in AngloGold Ashanti by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 4,852,722 shares of the mining company’s stock valued at $219,100,000 after purchasing an additional 87,679 shares in the last quarter. Amundi increased its holdings in AngloGold Ashanti by 4.6% during the 2nd quarter. Amundi now owns 3,197,861 shares of the mining company’s stock worth $149,212,000 after purchasing an additional 140,410 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of AngloGold Ashanti by 274.6% in the 2nd quarter. Geode Capital Management LLC now owns 3,137,721 shares of the mining company’s stock valued at $142,986,000 after purchasing an additional 2,300,204 shares in the last quarter. Hedge funds and other institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Stock Up 3.1%

Shares of AU stock opened at $107.17 on Tuesday. The business has a 50 day moving average of $93.02 and a two-hundred day moving average of $75.83. AngloGold Ashanti PLC has a 52 week low of $28.44 and a 52 week high of $115.81. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.98 and a current ratio of 2.58.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AU shares. Scotiabank raised their price target on shares of AngloGold Ashanti from $92.00 to $131.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Wall Street Zen raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Citigroup boosted their target price on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. JPMorgan Chase & Co. increased their price target on shares of AngloGold Ashanti from $128.00 to $131.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 3rd. Finally, Roth Mkm lifted 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. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $95.00.

About AngloGold Ashanti

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.