Harvest Portfolios Group Inc. Sells 4,019 Shares of AngloGold Ashanti plc (NYSE:AU)

Harvest Portfolios Group Inc. decreased its stake in AngloGold Ashanti plc (NYSE:AU) by 17.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,249 shares of the mining company’s stock after selling 4,019 shares during the period. Harvest Portfolios Group Inc.’s holdings in AngloGold Ashanti were worth $513,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AU. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in AngloGold Ashanti during the 1st quarter valued at approximately $596,000. Frank Rimerman Advisors LLC bought a new stake in shares of AngloGold Ashanti in the 2nd quarter valued at $2,002,000. Russell Investments Group Ltd. increased its position in shares of AngloGold Ashanti by 5.6% during the first quarter. Russell Investments Group Ltd. now owns 3,396,216 shares of the mining company’s stock worth $75,396,000 after buying an additional 181,081 shares during the period. US Bancorp DE raised its stake in AngloGold Ashanti by 748.1% during the first quarter. US Bancorp DE now owns 45,142 shares of the mining company’s stock worth $1,002,000 after buying an additional 39,819 shares during the last quarter. Finally, Oaktree Fund Advisors LLC lifted its holdings in AngloGold Ashanti by 10.5% in the second quarter. Oaktree Fund Advisors LLC now owns 683,604 shares of the mining company’s stock valued at $17,179,000 after buying an additional 64,993 shares during the period. Institutional investors and hedge funds own 36.09% of the company’s stock.

AngloGold Ashanti Stock Down 3.3 %

Shares of NYSE:AU opened at $26.23 on Thursday. AngloGold Ashanti plc has a twelve month low of $15.60 and a twelve month high of $32.57. The stock’s 50 day moving average is $28.15 and its 200-day moving average is $26.84. The company has a quick ratio of 1.19, a current ratio of 1.83 and a debt-to-equity ratio of 0.48.

AngloGold Ashanti (NYSE:AU) last released its quarterly earnings data on Tuesday, August 6th. The mining company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.09. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the company posted $0.17 EPS. As a group, equities research analysts predict that AngloGold Ashanti plc will post 2.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AU has been the subject of a number of recent analyst reports. Investec upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Scotiabank reiterated a “sector underperform” rating and issued a $30.00 target price (up from $27.00) on shares of AngloGold Ashanti in a report on Monday, August 19th. BMO Capital Markets increased their price target on AngloGold Ashanti from $28.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price objective on shares of AngloGold Ashanti from $32.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, StockNews.com raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, AngloGold Ashanti has an average rating of “Hold” and an average price target of $33.67.

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.