AngloGold Ashanti PLC $AU Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP grew its position in AngloGold Ashanti PLC (NYSE:AU) by 49.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,342 shares of the mining company’s stock after buying an additional 5,100 shares during the quarter. GSA Capital Partners LLP’s holdings in AngloGold Ashanti were worth $1,079,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AU. Empowered Funds LLC purchased a new position in AngloGold Ashanti during the 1st quarter valued at about $321,000. Yousif Capital Management LLC lifted its holdings in shares of AngloGold Ashanti by 102.6% in the second quarter. Yousif Capital Management LLC now owns 13,101 shares of the mining company’s stock valued at $597,000 after purchasing an additional 6,636 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of AngloGold Ashanti in the second quarter valued at approximately $1,270,000. Strs Ohio acquired a new stake in shares of AngloGold Ashanti in the second quarter valued at approximately $23,668,000. Finally, Bank of New York Mellon Corp increased its stake in shares of AngloGold Ashanti by 93.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,305,611 shares of the mining company’s stock worth $59,497,000 after purchasing an additional 632,003 shares in the last quarter. 36.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on AU. Zacks Research upgraded AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. upped their price objective on AngloGold Ashanti from $128.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Scotiabank increased their price objective on AngloGold Ashanti from $92.00 to $131.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Citigroup boosted their target price on shares of AngloGold Ashanti from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. One equities research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $95.00.

AngloGold Ashanti Stock Down 0.5%

Shares of NYSE:AU opened at $107.76 on Friday. The company has a current ratio of 2.58, a quick ratio of 1.98 and a debt-to-equity ratio of 0.21. The firm has a market cap of $54.41 billion, a price-to-earnings ratio of 23.74 and a beta of 0.59. The stock’s 50-day moving average price is $97.16 and its two-hundred day moving average price is $78.77. AngloGold Ashanti PLC has a 12-month low of $28.44 and a 12-month high of $115.81.

AngloGold Ashanti (NYSE:AU) last released its earnings results on Friday, February 20th. The mining company reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.22). AngloGold Ashanti had a return on equity of 24.01% and a net margin of 26.25%.The company had revenue of $3.07 billion during the quarter, compared to analyst estimates of $2.99 billion. On average, research analysts forecast that AngloGold Ashanti PLC will post 3.83 EPS for the current year.

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.