Sumitomo Mitsui Trust Group Inc. Cuts Position in AngloGold Ashanti plc (NYSE:AU)

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of AngloGold Ashanti plc (NYSE:AU) by 8.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,496 shares of the mining company’s stock after selling 3,423 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in AngloGold Ashanti were worth $945,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Van ECK Associates Corp increased its stake in AngloGold Ashanti by 0.4% in the 3rd quarter. Van ECK Associates Corp now owns 22,920,684 shares of the mining company’s stock valued at $610,378,000 after purchasing an additional 80,563 shares in the last quarter. US Bancorp DE raised its stake in shares of AngloGold Ashanti by 1.0% during the 3rd quarter. US Bancorp DE now owns 47,103 shares of the mining company’s stock worth $1,254,000 after buying an additional 466 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of AngloGold Ashanti by 7.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 53,477 shares of the mining company’s stock worth $1,482,000 after buying an additional 3,477 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in AngloGold Ashanti in the 3rd quarter valued at about $3,010,000. Finally, U S Global Investors Inc. increased its holdings in AngloGold Ashanti by 53.8% during the 3rd quarter. U S Global Investors Inc. now owns 100,000 shares of the mining company’s stock valued at $2,663,000 after acquiring an additional 35,000 shares in the last quarter. 36.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AU has been the topic of several recent research reports. BMO Capital Markets upped their price target on shares of AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. StockNews.com cut AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. upped their price objective on AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Scotiabank reiterated a “sector underperform” rating and set a $30.00 price objective (up previously from $27.00) on shares of AngloGold Ashanti in a research report on Monday, August 19th. Finally, Investec upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $33.67.

AngloGold Ashanti Trading Up 1.3 %

Shares of NYSE:AU opened at $25.15 on Wednesday. AngloGold Ashanti plc has a 52 week low of $15.80 and a 52 week high of $32.57. The company has a quick ratio of 1.19, a current ratio of 1.83 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $27.52 and a 200-day simple moving average of $26.99.

AngloGold Ashanti Profile

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.