ORG Partners LLC Has $271,000 Holdings in AngloGold Ashanti plc (NYSE:AU)

ORG Partners LLC lowered its position in AngloGold Ashanti plc (NYSE:AU) by 50.3% during the fourth quarter, Holdings Channel reports. The firm owned 11,741 shares of the mining company’s stock after selling 11,885 shares during the period. ORG Partners LLC’s holdings in AngloGold Ashanti were worth $271,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AU. SG Americas Securities LLC acquired a new position in AngloGold Ashanti in the third quarter valued at $126,000. JPMorgan Chase & Co. lifted its stake in shares of AngloGold Ashanti by 378.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company’s stock valued at $127,000 after purchasing an additional 3,782 shares during the period. Blue Trust Inc. boosted its position in shares of AngloGold Ashanti by 72.6% during the 3rd quarter. Blue Trust Inc. now owns 5,991 shares of the mining company’s stock valued at $151,000 after purchasing an additional 2,520 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in AngloGold Ashanti during the third quarter worth approximately $222,000. Finally, International Assets Investment Management LLC bought a new stake in AngloGold Ashanti in the third quarter worth approximately $3,010,000. 36.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AU has been the topic of a number of research analyst reports. StockNews.com cut AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Royal Bank of Canada upgraded shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Tuesday, December 3rd. JPMorgan Chase & Co. dropped their price objective on shares of AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Investec upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Finally, Scotiabank raised AngloGold Ashanti from a “sector underperform” rating to a “sector perform” rating and set a $30.00 price target on the stock in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.75.

AngloGold Ashanti Stock Up 3.4 %

Shares of NYSE AU opened at $26.03 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.73 and a quick ratio of 1.14. The company has a 50-day moving average price of $24.85 and a 200-day moving average price of $27.14. The stock has a market capitalization of $10.93 billion, a P/E ratio of 8.13 and a beta of 0.94. AngloGold Ashanti plc has a 1 year low of $15.80 and a 1 year high of $32.57.

About AngloGold Ashanti

AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.