542,000 Shares in AngloGold Ashanti Limited (AU) Acquired by Gabelli Funds LLC

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Gabelli Funds LLC bought a new position in shares of AngloGold Ashanti Limited (NYSE:AU) in the 4th quarter, HoldingsChannel.com reports. The fund bought 542,000 shares of the mining company’s stock, valued at approximately $6,802,000.

A number of other hedge funds have also bought and sold shares of AU. Schroder Investment Management Group lifted its stake in shares of AngloGold Ashanti by 12.3% during the 2nd quarter. Schroder Investment Management Group now owns 576,659 shares of the mining company’s stock worth $4,533,000 after purchasing an additional 62,941 shares during the last quarter. Northern Trust Corp lifted its stake in shares of AngloGold Ashanti by 6.1% during the 2nd quarter. Northern Trust Corp now owns 448,226 shares of the mining company’s stock worth $3,680,000 after purchasing an additional 25,915 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of AngloGold Ashanti by 50.9% during the 3rd quarter. Bank of Montreal Can now owns 195,071 shares of the mining company’s stock worth $1,674,000 after purchasing an additional 65,793 shares during the last quarter. Aperio Group LLC raised its stake in AngloGold Ashanti by 29.5% in the third quarter. Aperio Group LLC now owns 386,762 shares of the mining company’s stock valued at $3,318,000 after buying an additional 87,994 shares during the last quarter. Finally, LGT Capital Partners LTD. raised its stake in AngloGold Ashanti by 29.2% in the third quarter. LGT Capital Partners LTD. now owns 1,936,100 shares of the mining company’s stock valued at $16,612,000 after buying an additional 437,500 shares during the last quarter. 40.14% of the stock is owned by institutional investors.

AngloGold Ashanti stock opened at $13.65 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.84 and a quick ratio of 0.79. AngloGold Ashanti Limited has a one year low of $7.07 and a one year high of $14.32.

A number of research firms have commented on AU. Zacks Investment Research cut AngloGold Ashanti from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. Scotiabank reiterated a “hold” rating and issued a $14.00 price target on shares of AngloGold Ashanti in a research note on Sunday, January 20th. BMO Capital Markets began coverage on AngloGold Ashanti in a research note on Monday, December 10th. They issued a “market perform” rating and a $11.00 price target for the company. Citigroup cut AngloGold Ashanti from a “neutral” rating to a “sell” rating in a research note on Tuesday, November 6th. Finally, ValuEngine upgraded AngloGold Ashanti from a “sell” rating to a “hold” rating in a research note on Friday, October 12th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $11.50.

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About AngloGold Ashanti

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

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