Gabelli Funds LLC cut its position in shares of AngloGold Ashanti Limited (NYSE:AU) by 42.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 689,000 shares of the mining company’s stock after selling 510,200 shares during the period. Gabelli Funds LLC’s holdings in AngloGold Ashanti were worth $7,021,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Aperio Group LLC boosted its stake in AngloGold Ashanti by 5.6% during the fourth quarter. Aperio Group LLC now owns 313,927 shares of the mining company’s stock valued at $3,199,000 after buying an additional 16,768 shares during the last quarter. Rathbone Brothers plc boosted its stake in AngloGold Ashanti by 146.8% during the fourth quarter. Rathbone Brothers plc now owns 62,948 shares of the mining company’s stock valued at $641,000 after buying an additional 37,440 shares during the last quarter. SG Americas Securities LLC raised its position in AngloGold Ashanti by 170.8% during the fourth quarter. SG Americas Securities LLC now owns 94,797 shares of the mining company’s stock valued at $966,000 after purchasing an additional 59,790 shares during the period. Fox Run Management L.L.C. raised its position in AngloGold Ashanti by 44.3% during the fourth quarter. Fox Run Management L.L.C. now owns 19,050 shares of the mining company’s stock valued at $194,000 after purchasing an additional 5,850 shares during the period. Finally, Bank of Montreal Can raised its position in AngloGold Ashanti by 109.0% during the fourth quarter. Bank of Montreal Can now owns 137,895 shares of the mining company’s stock valued at $1,405,000 after purchasing an additional 71,919 shares during the period. 31.11% of the stock is owned by institutional investors.

Shares of AngloGold Ashanti Limited (AU) opened at $9.66 on Friday. AngloGold Ashanti Limited has a 52-week low of $8.86 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.

In related news, Director Lotan Holdings Inc. acquired 50,000 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were acquired at an average cost of $0.92 per share, for a total transaction of $46,000.00.

A number of brokerages have issued reports on AU. Zacks Investment Research downgraded AngloGold Ashanti from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. ValuEngine downgraded AngloGold Ashanti from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Deutsche Bank upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Royal Bank of Canada upgraded AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $11.50 price objective on the stock in a research report on Monday, November 13th. Finally, upgraded AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $11.75.

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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.

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

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