Cibc World Market Inc. Buys New Holdings in AngloGold Ashanti PLC $AU

Cibc World Market Inc. purchased a new position in AngloGold Ashanti PLC (NYSE:AU) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,234 shares of the mining company’s stock, valued at approximately $1,282,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CoreCap Advisors LLC grew its holdings in shares of AngloGold Ashanti by 27.3% in the third quarter. CoreCap Advisors LLC now owns 1,006 shares of the mining company’s stock worth $71,000 after purchasing an additional 216 shares during the last quarter. Farther Finance Advisors LLC boosted its position in AngloGold Ashanti by 13.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,893 shares of the mining company’s stock valued at $133,000 after buying an additional 229 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in AngloGold Ashanti by 30.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,023 shares of the mining company’s stock worth $47,000 after acquiring an additional 238 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of AngloGold Ashanti by 27.2% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,257 shares of the mining company’s stock worth $88,000 after purchasing an additional 269 shares during the last quarter. Finally, UMB Bank n.a. raised its position in AngloGold Ashanti by 129.0% during the 3rd quarter. UMB Bank n.a. now owns 490 shares of the mining company’s stock valued at $34,000 after purchasing an additional 276 shares during the last quarter. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Price Performance

Shares of NYSE AU opened at $109.89 on Tuesday. The firm has a market cap of $55.48 billion, a P/E ratio of 24.21 and a beta of 0.59. AngloGold Ashanti PLC has a twelve month low of $28.44 and a twelve month high of $115.81. The company has a quick ratio of 1.98, a current ratio of 2.58 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average of $95.68 and a 200 day moving average of $77.96.

Analyst Ratings Changes

Several brokerages recently issued reports on AU. Zacks Research raised shares of AngloGold Ashanti from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. lifted their price objective on AngloGold Ashanti from $128.00 to $131.00 and gave the company an “overweight” rating in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of AngloGold Ashanti in a research report on Wednesday, January 21st. Scotiabank raised their target price on AngloGold Ashanti from $92.00 to $131.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, Roth Mkm lifted their price target on AngloGold Ashanti from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

AngloGold Ashanti Profile

AngloGold Ashanti is a global gold mining company engaged in the exploration, development, production, processing and sale of gold. Headquartered in Johannesburg, South Africa, the company’s core activities span the full mining value chain from greenfield exploration and mine development through to ore processing and rehabilitation. Gold is the primary commodity produced, with individual operations sometimes yielding other by‑products depending on local geology and processing methods.

The company was formed in 2004 through the merger of AngloGold and Ashanti Goldfields, creating a diversified international gold producer.