Dynamic Technology Lab Private Ltd increased its holdings in AngloGold Ashanti Limited (NYSE:AU) by 248.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,922 shares of the mining company’s stock after acquiring an additional 67,654 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in AngloGold Ashanti were worth $900,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. CIBC World Markets Inc. acquired a new position in shares of AngloGold Ashanti in the 1st quarter valued at $102,000. OLD Mission Capital LLC acquired a new position in shares of AngloGold Ashanti in the 4th quarter valued at $105,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of AngloGold Ashanti in the 1st quarter valued at $145,000. Teacher Retirement System of Texas acquired a new position in shares of AngloGold Ashanti in the 4th quarter valued at $433,000. Finally, Stevens Capital Management LP increased its holdings in shares of AngloGold Ashanti by 28.3% in the 1st quarter. Stevens Capital Management LP now owns 69,451 shares of the mining company’s stock valued at $659,000 after acquiring an additional 15,313 shares during the period. 32.96% of the stock is currently owned by institutional investors and hedge funds.
Shares of AngloGold Ashanti opened at $8.18 on Wednesday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.63 and a current ratio of 1.57. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 136.33 and a beta of -0.88. AngloGold Ashanti Limited has a 1 year low of $7.90 and a 1 year high of $12.00.
A number of brokerages have recently commented on AU. ValuEngine raised shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Zacks Investment Research raised shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a research note on Monday, April 16th. Three analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. AngloGold Ashanti presently has a consensus rating of “Hold” and an average target price of $10.75.
AngloGold Ashanti Company Profile
AngloGold Ashanti Limited operates as a gold mining company. The company also produces silver, uranium oxide, and sulphuric acid. Its portfolio includes 17 operations and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was founded in 1944 and is headquartered in Johannesburg, South Africa.
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