ClariVest Asset Management LLC Has $692,000 Holdings in AngloGold Ashanti Limited (AU)
ClariVest Asset Management LLC increased its holdings in shares of AngloGold Ashanti Limited (NYSE:AU) by 39.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,400 shares of the mining company’s stock after purchasing an additional 21,200 shares during the quarter. ClariVest Asset Management LLC’s holdings in AngloGold Ashanti Limited were worth $692,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new stake in shares of AngloGold Ashanti Limited in the 3rd quarter valued at approximately $123,000. Balyasny Asset Management LLC purchased a new stake in shares of AngloGold Ashanti Limited in the second quarter worth approximately $183,000. Quantbot Technologies LP purchased a new stake in shares of AngloGold Ashanti Limited in the second quarter worth approximately $219,000. Nationwide Fund Advisors raised its holdings in shares of AngloGold Ashanti Limited by 202.5% in the third quarter. Nationwide Fund Advisors now owns 24,344 shares of the mining company’s stock worth $226,000 after buying an additional 16,296 shares during the period. Finally, QCM Cayman Ltd. purchased a new position in AngloGold Ashanti Limited during the 2nd quarter worth $260,000. Hedge funds and other institutional investors own 32.16% of the company’s stock.
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Shares of AngloGold Ashanti Limited (AU) opened at $9.83 on Wednesday. AngloGold Ashanti Limited has a 52-week low of $8.89 and a 52-week high of $13.68. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.57 and a quick ratio of 0.65.
Several research analysts have commented on the company. BidaskClub downgraded AngloGold Ashanti Limited from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Royal Bank Of Canada upgraded AngloGold Ashanti Limited from a “sector perform” rating to an “outperform” rating and set a $11.50 price objective on the stock in a report on Monday, November 13th. Zacks Investment Research downgraded AngloGold Ashanti Limited from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. J P Morgan Chase & Co upgraded AngloGold Ashanti Limited from a “neutral” rating to an “overweight” rating in a report on Monday, October 16th. Finally, upgraded AngloGold Ashanti Limited from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. AngloGold Ashanti Limited currently has a consensus rating of “Hold” and an average target price of $11.50.
About AngloGold Ashanti Limited
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.
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