First Eagle Investment Management LLC decreased its stake in AngloGold Ashanti Ltd. (NYSE:AU) by 8.8% during the third quarter, Holdings Channel reports. The firm owned 1,840,964 shares of the mining company’s stock after selling 178,591 shares during the period. First Eagle Investment Management LLC’s holdings in AngloGold Ashanti were worth $29,308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Group LTD increased its position in shares of AngloGold Ashanti by 3.5% in the second quarter. BlackRock Group LTD now owns 19,550,729 shares of the mining company’s stock valued at $353,086,000 after buying an additional 653,521 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of AngloGold Ashanti by 79.8% in the second quarter. Acadian Asset Management LLC now owns 7,692,980 shares of the mining company’s stock valued at $138,938,000 after buying an additional 3,415,467 shares in the last quarter. AQR Capital Management LLC increased its position in shares of AngloGold Ashanti by 187.9% in the second quarter. AQR Capital Management LLC now owns 5,238,490 shares of the mining company’s stock valued at $94,607,000 after buying an additional 3,418,895 shares in the last quarter. FMR LLC increased its position in shares of AngloGold Ashanti by 8.6% in the second quarter. FMR LLC now owns 4,208,368 shares of the mining company’s stock valued at $76,003,000 after buying an additional 334,118 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of AngloGold Ashanti by 0.9% in the third quarter. Wells Fargo & Company MN now owns 3,491,700 shares of the mining company’s stock valued at $55,588,000 after buying an additional 32,768 shares in the last quarter. 37.64% of the stock is currently owned by hedge funds and other institutional investors.

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

AngloGold Ashanti Ltd. (NYSE:AU) traded down 2.13% during mid-day trading on Tuesday, hitting $11.04. The stock had a trading volume of 937,123 shares. The firm’s 50-day moving average is $12.93 and its 200 day moving average is $16.42. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 41.19 and a beta of -1.18. AngloGold Ashanti Ltd. has a 12 month low of $6.20 and a 12 month high of $22.91.

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Several brokerages have recently commented on AU. Gabelli began coverage on AngloGold Ashanti in a research note on Tuesday, October 18th. They set a “buy” rating for the company. Zacks Investment Research downgraded AngloGold Ashanti from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, October 11th. Jefferies Group restated a “buy” rating on shares of AngloGold Ashanti in a research note on Tuesday, August 23rd. Finally, Citigroup Inc. restated a “sell” rating on shares of AngloGold Ashanti in a research note on Thursday, August 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $23.00.

AngloGold Ashanti Company Profile

AngloGold Ashanti Limited (AngloGold Ashanti) is a gold mining company. The Company’s business activities span the spectrum of the mining value chain. Its main product is gold. Its portfolio includes over 17 mines in approximately nine countries. It also produces silver, uranium and sulfuric acid as by-products.

5 Day Chart for NYSE:AU

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