Euro Pacific Asset Management LLC Sells 19,153 Shares of AngloGold Ashanti plc (NYSE:AU)

Euro Pacific Asset Management LLC cut its stake in shares of AngloGold Ashanti plc (NYSE:AU) by 14.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 117,978 shares of the mining company’s stock after selling 19,153 shares during the period. Euro Pacific Asset Management LLC’s holdings in AngloGold Ashanti were worth $3,143,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of AngloGold Ashanti in the first quarter valued at approximately $596,000. Frank Rimerman Advisors LLC purchased a new stake in shares of AngloGold Ashanti during the 2nd quarter valued at $2,002,000. US Bancorp DE increased its position in shares of AngloGold Ashanti by 748.1% during the 1st quarter. US Bancorp DE now owns 45,142 shares of the mining company’s stock valued at $1,002,000 after purchasing an additional 39,819 shares during the last quarter. Oaktree Fund Advisors LLC raised its stake in shares of AngloGold Ashanti by 10.5% during the 2nd quarter. Oaktree Fund Advisors LLC now owns 683,604 shares of the mining company’s stock worth $17,179,000 after purchasing an additional 64,993 shares during the period. Finally, Atomi Financial Group Inc. purchased a new position in shares of AngloGold Ashanti in the 2nd quarter worth about $227,000. 36.09% of the stock is currently owned by institutional investors.

AngloGold Ashanti Stock Performance

Shares of NYSE:AU opened at $23.83 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.19 and a debt-to-equity ratio of 0.48. The company’s fifty day moving average is $27.60 and its 200 day moving average is $26.93. AngloGold Ashanti plc has a 52 week low of $15.80 and a 52 week high of $32.57.

Wall Street Analyst Weigh In

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

About AngloGold Ashanti

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.