Bank of Nova Scotia Acquires New Stake in AngloGold Ashanti Limited (NYSE:AU)

Bank of Nova Scotia purchased a new stake in shares of AngloGold Ashanti Limited (NYSE:AU) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 392,000 shares of the mining company’s stock, valued at approximately $3,810,000. Bank of Nova Scotia owned approximately 0.10% of AngloGold Ashanti Limited at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of AngloGold Ashanti Limited by 3.0% in the second quarter. BlackRock Inc. now owns 28,450,519 shares of the mining company’s stock worth $276,540,000 after acquiring an additional 819,709 shares during the period. Dimensional Fund Advisors LP grew its position in AngloGold Ashanti Limited by 5.7% during the second quarter. Dimensional Fund Advisors LP now owns 12,411,363 shares of the mining company’s stock valued at $120,644,000 after buying an additional 668,689 shares during the period. FMR LLC grew its position in AngloGold Ashanti Limited by 1.3% during the second quarter. FMR LLC now owns 3,838,325 shares of the mining company’s stock valued at $37,309,000 after buying an additional 48,640 shares during the period. Capital International Investors grew its position in AngloGold Ashanti Limited by 57.9% during the second quarter. Capital International Investors now owns 1,506,280 shares of the mining company’s stock valued at $14,641,000 after buying an additional 552,200 shares during the period. Finally, LGT Capital Partners LTD. grew its position in AngloGold Ashanti Limited by 10.7% during the second quarter. LGT Capital Partners LTD. now owns 930,000 shares of the mining company’s stock valued at $9,040,000 after buying an additional 90,000 shares during the period. Institutional investors and hedge funds own 32.80% of the company’s stock.



Shares of AngloGold Ashanti Limited (NYSE:AU) traded down 1.59% during trading on Friday, reaching $9.27. 433,474 shares of the company’s stock were exchanged. AngloGold Ashanti Limited has a 52 week low of $8.89 and a 52 week high of $14.77. The stock has a 50 day moving average price of $9.58 and a 200-day moving average price of $10.36. The stock’s market capitalization is $3.79 billion.

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AU has been the topic of several analyst reports. Zacks Investment Research upgraded shares of AngloGold Ashanti Limited from a “sell” rating to a “hold” rating in a research report on Friday, September 15th. JPMorgan Chase & Co. raised shares of AngloGold Ashanti Limited from a “neutral” rating to an “overweight” rating in a report on Monday, October 16th. Finally, BidaskClub raised shares of AngloGold Ashanti Limited from a “strong sell” rating to a “sell” rating in a research note on Monday, August 14th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $12.43.

AngloGold Ashanti Limited Profile

AngloGold Ashanti Limited (AngloGold Ashanti) is a gold mining company. The Company’s business activities span the spectrum of the mining value chain. Its main product is gold. Its portfolio includes over 17 mines in approximately nine countries. It also produces silver, uranium and sulfuric acid as by-products.

Institutional Ownership by Quarter for AngloGold Ashanti Limited (NYSE:AU)

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