AngloGold Ashanti plc (NYSE:AU) Shares Sold by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. decreased its position in AngloGold Ashanti plc (NYSE:AU) by 20.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,000 shares of the mining company’s stock after selling 25,500 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in AngloGold Ashanti were worth $2,354,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in AngloGold Ashanti in the fourth quarter valued at approximately $36,000. Decker Retirement Planning Inc. purchased a new position in AngloGold Ashanti in the fourth quarter valued at approximately $69,000. SG Americas Securities LLC purchased a new position in AngloGold Ashanti in the third quarter valued at approximately $126,000. JPMorgan Chase & Co. increased its stake in AngloGold Ashanti by 378.2% in the third 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 last quarter. Finally, Blue Trust Inc. increased its stake in AngloGold Ashanti by 72.6% in the third 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 during the last quarter. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Stock Down 3.4 %

Shares of AU opened at $31.10 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73. The company’s 50 day simple moving average is $27.29 and its 200-day simple moving average is $27.62. AngloGold Ashanti plc has a 12-month low of $17.01 and a 12-month high of $33.77.

AngloGold Ashanti (NYSE:AU) last announced its earnings results on Wednesday, February 19th. The mining company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.10). Sell-side analysts expect that AngloGold Ashanti plc will post 2.81 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on AU shares. JPMorgan Chase & Co. dropped their price target on shares of AngloGold Ashanti from $37.00 to $32.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. StockNews.com lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Tuesday, November 12th. Scotiabank upgraded shares of 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. Finally, 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 on the stock in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $31.75.

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.