Nikko Asset Management Americas Inc. Sells 2,414 Shares of AngloGold Ashanti plc (NYSE:AU)

Nikko Asset Management Americas Inc. lowered its position in AngloGold Ashanti plc (NYSE:AU) by 5.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 39,496 shares of the mining company’s stock after selling 2,414 shares during the period. Nikko Asset Management Americas Inc.’s holdings in AngloGold Ashanti were worth $877,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AU. Vanguard Group Inc. bought a new stake in shares of AngloGold Ashanti in the 3rd quarter valued at $245,342,000. First Eagle Investment Management LLC boosted its stake in AngloGold Ashanti by 312.3% in the 4th quarter. First Eagle Investment Management LLC now owns 6,003,149 shares of the mining company’s stock worth $112,199,000 after purchasing an additional 4,547,011 shares during the period. Van ECK Associates Corp boosted its stake in AngloGold Ashanti by 7.6% in the 1st quarter. Van ECK Associates Corp now owns 27,747,289 shares of the mining company’s stock worth $615,990,000 after purchasing an additional 1,948,322 shares during the period. Deutsche Bank AG acquired a new position in AngloGold Ashanti in the 3rd quarter worth $25,027,000. Finally, TT International Asset Management LTD boosted its stake in shares of AngloGold Ashanti by 38.8% during the 4th quarter. TT International Asset Management LTD now owns 3,562,919 shares of the mining company’s stock worth $66,590,000 after buying an additional 995,709 shares during the last quarter. Institutional investors own 36.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AU. HSBC downgraded shares of AngloGold Ashanti from a “hold” rating to a “reduce” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. reduced their price objective on shares of AngloGold Ashanti from $33.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, July 3rd. Finally, Scotiabank increased their price objective on shares of AngloGold Ashanti from $22.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $24.50.

AngloGold Ashanti Trading Up 0.4 %

NYSE:AU traded up $0.11 during mid-day trading on Tuesday, hitting $28.38. The stock had a trading volume of 1,051,651 shares, compared to its average volume of 2,033,990. AngloGold Ashanti plc has a twelve month low of $14.91 and a twelve month high of $29.08. The company’s 50 day simple moving average is $24.26 and its 200 day simple moving average is $21.42.

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.