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Healthcare of Ontario Pension Plan Trust Fund Takes $1.20 Million Position in AngloGold Ashanti Limited (NYSE:AU)

Defense World ·  Nov 26, 2022 18:51

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of AngloGold Ashanti Limited (NYSE:AU – Get Rating) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 81,100 shares of the mining company's stock, valued at approximately $1,199,000.

Other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC acquired a new stake in shares of AngloGold Ashanti during the second quarter valued at about $32,000. Lindbrook Capital LLC lifted its stake in shares of AngloGold Ashanti by 83.0% in the second quarter. Lindbrook Capital LLC now owns 2,862 shares of the mining company's stock worth $42,000 after acquiring an additional 1,298 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of AngloGold Ashanti in the first quarter worth approximately $204,000. Virtu Financial LLC acquired a new position in shares of AngloGold Ashanti in the first quarter worth approximately $223,000. Finally, Engineers Gate Manager LP acquired a new position in shares of AngloGold Ashanti in the first quarter worth approximately $258,000. 25.23% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AU shares. Deutsche Bank Aktiengesellschaft lifted their price objective on AngloGold Ashanti from $16.00 to $20.00 in a research note on Wednesday. StockNews.com initiated coverage on AngloGold Ashanti in a research note on Wednesday, October 12th. They issued a "hold" rating on the stock. Finally, Investec downgraded AngloGold Ashanti from a "buy" rating to a "sell" rating in a report on Friday, September 30th.

AngloGold Ashanti Price Performance

Shares of AU stock opened at $18.16 on Friday. The stock has a 50 day simple moving average of $14.58 and a two-hundred day simple moving average of $15.14. The company has a current ratio of 3.02, a quick ratio of 2.09 and a debt-to-equity ratio of 0.46. AngloGold Ashanti Limited has a fifty-two week low of $11.94 and a fifty-two week high of $26.96.

About AngloGold Ashanti

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AngloGold Ashanti Limited operates as a gold mining company in Africa, the Americas, and Australia. Its flagship property is a 100% owned Geita project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania. The company also explores for silver and sulphuric acid. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.

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