Chesapeake Capital Corp IL Purchases 2,670 Shares of AngloGold Ashanti plc (NYSE:AU)

Chesapeake Capital Corp IL increased its position in shares of AngloGold Ashanti plc (NYSE:AU) by 18.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,770 shares of the mining company’s stock after acquiring an additional 2,670 shares during the quarter. Chesapeake Capital Corp IL’s holdings in AngloGold Ashanti were worth $464,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. CWM LLC grew its position in AngloGold Ashanti by 26.1% during the 2nd quarter. CWM LLC now owns 2,383 shares of the mining company’s stock worth $60,000 after purchasing an additional 493 shares during the last quarter. GAMMA Investing LLC grew its position in AngloGold Ashanti by 17.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,938 shares of the mining company’s stock worth $74,000 after purchasing an additional 433 shares during the last quarter. Blue Trust Inc. grew its position in AngloGold Ashanti by 338.3% during the 2nd quarter. Blue Trust Inc. now owns 3,471 shares of the mining company’s stock worth $87,000 after purchasing an additional 2,679 shares during the last quarter. SG Americas Securities LLC purchased a new stake in AngloGold Ashanti during the 3rd quarter worth approximately $126,000. Finally, Toronto Dominion Bank purchased a new stake in AngloGold Ashanti during the 1st quarter worth approximately $118,000. Institutional investors own 36.09% of the company’s stock.

Wall Street Analyst Weigh In

AU has been the topic of several research analyst reports. BMO Capital Markets boosted their target price on shares of AngloGold Ashanti from $28.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price objective on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Scotiabank reaffirmed a “sector underperform” rating and issued a $30.00 price objective (up from $27.00) on shares of AngloGold Ashanti in a report on Monday, August 19th. Investec raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, StockNews.com downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $33.67.

AngloGold Ashanti Price Performance

Shares of NYSE AU opened at $23.83 on Monday. The company’s fifty day moving average price is $27.60 and its 200 day moving average price is $26.96. AngloGold Ashanti plc has a 1 year low of $15.80 and a 1 year high of $32.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.83 and a quick ratio of 1.19.

AngloGold Ashanti Company Profile

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.