Qsemble Capital Management LP Takes Position in AngloGold Ashanti plc (NYSE:AU)

Qsemble Capital Management LP bought a new stake in shares of AngloGold Ashanti plc (NYSE:AU) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,810 shares of the mining company’s stock, valued at approximately $368,000.

A number of other institutional investors have also recently modified their holdings of the stock. Chesapeake Capital Corp IL raised its holdings in shares of AngloGold Ashanti by 3.1% during the 2nd quarter. Chesapeake Capital Corp IL now owns 14,100 shares of the mining company’s stock worth $354,000 after buying an additional 429 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 worth $74,000 after buying an additional 433 shares in the last quarter. US Bancorp DE raised its holdings 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 in the last quarter. CWM LLC raised its holdings in shares of AngloGold Ashanti by 26.1% during the 2nd quarter. CWM LLC now owns 2,383 shares of the mining company’s stock worth $60,000 after buying an additional 493 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of AngloGold Ashanti by 1.0% during the 2nd quarter. Sei Investments Co. now owns 64,843 shares of the mining company’s stock worth $1,630,000 after buying an additional 656 shares in the last quarter. 36.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AU shares. JPMorgan Chase & Co. boosted their price target on AngloGold Ashanti from $32.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Investec raised AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. StockNews.com cut AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. BMO Capital Markets upped their target price on AngloGold Ashanti from $28.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, Scotiabank raised AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 target price for the company in a report 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, AngloGold Ashanti currently has a consensus rating of “Hold” and an average price target of $33.67.

AngloGold Ashanti Stock Performance

Shares of AU opened at $24.78 on Thursday. AngloGold Ashanti plc has a 12-month low of $15.80 and a 12-month high of $32.57. The business has a 50-day simple moving average of $27.15 and a two-hundred day simple moving average of $27.04. 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.