Banque Cantonale Vaudoise Trims Holdings in AngloGold Ashanti plc (NYSE:AU)

Banque Cantonale Vaudoise lowered its position in shares of AngloGold Ashanti plc (NYSE:AU) by 4.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 92,451 shares of the mining company’s stock after selling 4,422 shares during the quarter. Banque Cantonale Vaudoise’s holdings in AngloGold Ashanti were worth $2,462,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AU. Barings LLC boosted its stake in shares of AngloGold Ashanti by 395.0% in the second quarter. Barings LLC now owns 1,101,183 shares of the mining company’s stock worth $27,818,000 after acquiring an additional 878,717 shares during the period. Bank of New York Mellon Corp boosted its stake in AngloGold Ashanti by 17.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 573,380 shares of the mining company’s stock worth $14,409,000 after purchasing an additional 83,641 shares during the period. Van ECK Associates Corp boosted 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 worth $610,378,000 after purchasing an additional 80,563 shares during the period. Frank Rimerman Advisors LLC purchased a new stake in AngloGold Ashanti during the 2nd quarter valued at approximately $2,002,000. Finally, Vanguard Group Inc. raised its position in shares of AngloGold Ashanti by 0.4% during the first quarter. Vanguard Group Inc. now owns 16,808,722 shares of the mining company’s stock valued at $373,154,000 after buying an additional 65,025 shares during the last quarter. 36.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

AngloGold Ashanti Trading Up 1.3 %

Shares of NYSE:AU opened at $25.15 on Wednesday. The company has a 50-day moving average price of $27.52 and a 200 day moving average price of $26.99. 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 plc has a 12 month low of $15.80 and a 12 month high of $32.57.

AngloGold Ashanti Company 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.