Ruffer LLP Has $77.31 Million Holdings in AngloGold Ashanti Limited (NYSE:AU)

Ruffer LLP lessened its holdings in shares of AngloGold Ashanti Limited (NYSE:AU) by 17.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,342,012 shares of the mining company’s stock after selling 901,456 shares during the period. AngloGold Ashanti comprises 1.8% of Ruffer LLP’s holdings, making the stock its 17th largest holding. Ruffer LLP’s holdings in AngloGold Ashanti were worth $77,310,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Investors Research Corp acquired a new position in shares of AngloGold Ashanti during the 1st quarter worth approximately $34,000. USS Investment Management Ltd grew its position in shares of AngloGold Ashanti by 165.9% during the 1st quarter. USS Investment Management Ltd now owns 2,260,000 shares of the mining company’s stock worth $29,595,000 after purchasing an additional 1,410,000 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of AngloGold Ashanti during the 1st quarter worth approximately $253,000. NumerixS Investment Technologies Inc grew its position in shares of AngloGold Ashanti by 3,523.5% during the 1st quarter. NumerixS Investment Technologies Inc now owns 61,600 shares of the mining company’s stock worth $794,000 after purchasing an additional 59,900 shares in the last quarter. Finally, Sigma Planning Corp grew its position in shares of AngloGold Ashanti by 447.5% during the 1st quarter. Sigma Planning Corp now owns 232,128 shares of the mining company’s stock worth $3,041,000 after purchasing an additional 189,729 shares in the last quarter. Hedge funds and other institutional investors own 36.37% of the company’s stock.

Shares of NYSE AU traded down $0.33 during trading hours on Thursday, hitting $21.36. 125,609 shares of the stock were exchanged, compared to its average volume of 3,549,909. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.43 and a current ratio of 0.90. The company has a market cap of $8.43 billion, a PE ratio of 40.47, a price-to-earnings-growth ratio of 0.42 and a beta of -0.79. The company’s fifty day simple moving average is $19.20 and its two-hundred day simple moving average is $15.01. AngloGold Ashanti Limited has a 1-year low of $7.56 and a 1-year high of $21.85.

A number of brokerages have issued reports on AU. Royal Bank of Canada upgraded shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $17.05 target price on the stock in a research report on Wednesday, June 26th. Zacks Investment Research upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Thursday, August 15th. ValuEngine lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, BMO Capital Markets upgraded shares of AngloGold Ashanti from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $16.00 to $21.00 in a research report on Thursday, June 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $18.76.

AngloGold Ashanti Company Profile

AngloGold Ashanti Limited operates as a gold mining company. It also produces silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.

Further Reading: Understanding Average Daily Trade Volume

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Institutional Ownership by Quarter for AngloGold Ashanti (NYSE:AU)

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