Bridgewater Associates LP Has $4.95 Million Stock Position in AngloGold Ashanti plc (NYSE:AU)

Bridgewater Associates LP raised its stake in shares of AngloGold Ashanti plc (NYSE:AU) by 80.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 185,968 shares of the mining company’s stock after buying an additional 82,788 shares during the quarter. Bridgewater Associates LP’s holdings in AngloGold Ashanti were worth $4,952,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AU. CWM LLC lifted its stake in AngloGold Ashanti by 26.1% in the 2nd quarter. CWM LLC now owns 2,383 shares of the mining company’s stock valued at $60,000 after acquiring an additional 493 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of AngloGold Ashanti by 17.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,938 shares of the mining company’s stock valued at $74,000 after acquiring an additional 433 shares during the period. Blue Trust Inc. lifted its position in shares of AngloGold Ashanti by 338.3% during the 2nd quarter. Blue Trust Inc. now owns 3,471 shares of the mining company’s stock valued at $87,000 after acquiring an additional 2,679 shares during the period. SG Americas Securities LLC bought a new stake in shares of AngloGold Ashanti during the 3rd quarter worth $126,000. Finally, Cigna Investments Inc. New bought a new stake in shares of AngloGold Ashanti during the 2nd quarter worth $206,000. Institutional investors own 36.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on AU shares. Investec upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Friday, October 18th. BMO Capital Markets increased their price target on AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. StockNews.com cut AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Scotiabank raised AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price target for the company in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $33.67.

AngloGold Ashanti Stock Performance

NYSE AU opened at $24.98 on Friday. The business has a 50 day simple moving average of $27.03 and a 200 day simple moving average of $27.03. AngloGold Ashanti plc has a one year low of $15.80 and a one year 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.

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.