Mirae Asset Global Investments Co. Ltd. Has $3.066 Million Position in AngloGold Ashanti Limited (AU)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of AngloGold Ashanti Limited (NYSE:AU) by 27.0% during the first quarter, Holdings Channel reports. The institutional investor owned 284,701 shares of the mining company’s stock after buying an additional 60,452 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in AngloGold Ashanti Limited were worth $3,066,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Comerica Bank boosted its stake in shares of AngloGold Ashanti Limited by 1.3% in the first quarter. Comerica Bank now owns 23,405 shares of the mining company’s stock worth $263,000 after buying an additional 306 shares during the last quarter. World Asset Management Inc boosted its stake in shares of AngloGold Ashanti Limited by 1.2% in the first quarter. World Asset Management Inc now owns 25,360 shares of the mining company’s stock worth $273,000 after buying an additional 308 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in shares of AngloGold Ashanti Limited by 1.7% in the third quarter. Commonwealth Bank of Australia now owns 64,966 shares of the mining company’s stock worth $1,035,000 after buying an additional 1,100 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of AngloGold Ashanti Limited by 6.6% in the first quarter. Capstone Asset Management Co. now owns 25,650 shares of the mining company’s stock worth $276,000 after buying an additional 1,580 shares during the last quarter. Finally, Profund Advisors LLC boosted its stake in shares of AngloGold Ashanti Limited by 3.1% in the first quarter. Profund Advisors LLC now owns 87,684 shares of the mining company’s stock worth $944,000 after buying an additional 2,623 shares during the last quarter. 36.39% of the stock is owned by institutional investors.

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

AngloGold Ashanti Limited (NYSE:AU) traded up 2.57% during trading on Friday, reaching $11.59. The company’s stock had a trading volume of 4,910,429 shares. AngloGold Ashanti Limited has a 52-week low of $9.28 and a 52-week high of $22.91. The stock’s 50-day moving average is $11.68 and its 200 day moving average is $11.57. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 77.27 and a beta of -1.31.

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A number of brokerages have recently issued reports on AU. CIBC cut AngloGold Ashanti Limited from a “sector outperform” rating to a “sector perform” rating in a report on Monday. Zacks Investment Research upgraded AngloGold Ashanti Limited from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Citigroup Inc cut AngloGold Ashanti Limited from a “neutral” rating to a “sell” rating in a report on Wednesday, February 22nd. JPMorgan Chase & Co. cut AngloGold Ashanti Limited from an “overweight” rating to a “neutral” rating in a report on Friday, March 3rd. Finally, Goldman Sachs Group Inc cut AngloGold Ashanti Limited from a “buy” rating to a “neutral” rating in a report on Monday, April 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. AngloGold Ashanti Limited presently has a consensus rating of “Hold” and a consensus target price of $13.22.

In other news, insider David Loveys sold 125,000 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $1.63, for a total transaction of $203,750.00. Also, Director Matti Talikka sold 100,000 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $1.63, for a total value of $163,000.00.

AngloGold Ashanti Limited Company 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.

12 Month Chart for NYSE:AU

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