Russell Investments Group Ltd. Sells 187,177 Shares of AngloGold Ashanti Limited (NYSE:AU)

Russell Investments Group Ltd. reduced its stake in shares of AngloGold Ashanti Limited (NYSE:AUGet Rating) by 6.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,947,281 shares of the mining company’s stock after selling 187,177 shares during the quarter. Russell Investments Group Ltd. owned 0.71% of AngloGold Ashanti worth $40,729,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp grew its stake in shares of AngloGold Ashanti by 6.9% in the second quarter. Van ECK Associates Corp now owns 24,170,534 shares of the mining company’s stock worth $357,482,000 after purchasing an additional 1,551,361 shares during the last quarter. Millennium Management LLC boosted its position in AngloGold Ashanti by 159.4% during the 2nd quarter. Millennium Management LLC now owns 1,187,190 shares of the mining company’s stock valued at $17,559,000 after acquiring an additional 729,600 shares in the last quarter. Allianz Asset Management GmbH boosted its position in AngloGold Ashanti by 51.6% during the 1st quarter. Allianz Asset Management GmbH now owns 2,050,334 shares of the mining company’s stock valued at $48,572,000 after acquiring an additional 697,908 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in AngloGold Ashanti by 5.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,002,317 shares of the mining company’s stock valued at $162,724,000 after acquiring an additional 594,702 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in AngloGold Ashanti by 28.0% during the 2nd quarter. Mackenzie Financial Corp now owns 2,469,597 shares of the mining company’s stock valued at $36,525,000 after acquiring an additional 539,697 shares in the last quarter. 24.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AU. Deutsche Bank Aktiengesellschaft lifted their price objective on AngloGold Ashanti from $20.00 to $27.00 in a research report on Tuesday, January 10th. StockNews.com began coverage on AngloGold Ashanti in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Investec raised AngloGold Ashanti from a “sell” rating to a “buy” rating in a research report on Friday, January 13th.

AngloGold Ashanti Stock Down 2.5 %

AU stock opened at $21.99 on Wednesday. The firm has a 50 day moving average price of $19.72 and a 200-day moving average price of $16.15. AngloGold Ashanti Limited has a 52-week low of $11.94 and a 52-week high of $26.96. The company has a current ratio of 3.02, a quick ratio of 2.09 and a debt-to-equity ratio of 0.46.

AngloGold Ashanti Company Profile

(Get Rating)

AngloGold Ashanti Limited operates as a gold mining company in Africa, the Americas, and Australia. Its flagship property is a 100% owned Geita project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania. The company also explores for silver and sulphuric acid. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.

Recommended Stories

Institutional Ownership by Quarter for AngloGold Ashanti (NYSE:AU)

Receive News & Ratings for AngloGold Ashanti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AngloGold Ashanti and related companies with MarketBeat.com's FREE daily email newsletter.