Connor Clark & Lunn Investment Management Ltd. Raises Holdings in AngloGold Ashanti plc (NYSE:AU)

Connor Clark & Lunn Investment Management Ltd. raised its stake in AngloGold Ashanti plc (NYSE:AU) by 95.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,292 shares of the mining company’s stock after purchasing an additional 120,844 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.06% of AngloGold Ashanti worth $6,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in AU. Barings LLC lifted its holdings in AngloGold Ashanti by 395.0% during the 2nd quarter. Barings LLC now owns 1,101,183 shares of the mining company’s stock worth $27,818,000 after buying an additional 878,717 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in AngloGold Ashanti by 17.1% during the second 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 last quarter. Van ECK Associates Corp boosted its holdings in AngloGold Ashanti by 0.4% in the third quarter. Van ECK Associates Corp now owns 22,920,684 shares of the mining company’s stock valued at $610,378,000 after purchasing an additional 80,563 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new position in AngloGold Ashanti in the second quarter valued at approximately $2,002,000. Finally, Vanguard Group Inc. raised its holdings in AngloGold Ashanti by 0.4% during the first quarter. Vanguard Group Inc. now owns 16,808,722 shares of the mining company’s stock worth $373,154,000 after purchasing an additional 65,025 shares in the last quarter. Hedge funds and other institutional investors own 36.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AU. JPMorgan Chase & Co. increased their target price on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. 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. Investec upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. StockNews.com downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, BMO Capital Markets lifted their target price on shares of AngloGold Ashanti from $28.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $33.67.

AngloGold Ashanti Stock Performance

NYSE AU opened at $25.95 on Friday. The business’s 50 day moving average is $27.36 and its two-hundred day moving average is $26.98. AngloGold Ashanti plc has a 12-month low of $15.80 and a 12-month high of $32.57. The company has a current ratio of 1.83, a quick ratio of 1.19 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.