Shares of AngloGold Ashanti Ltd. (NYSE:AU) were down 3% during trading on Tuesday . The stock traded as low as $20.63 and last traded at $20.65, with a volume of 2,096,272 shares. The stock had previously closed at $21.28.

A number of brokerages have weighed in on AU. Citigroup Inc. downgraded shares of AngloGold Ashanti from a “neutral” rating to a “sell” rating in a research note on Tuesday, May 10th. Zacks Investment Research downgraded shares of AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 17th. Royal Bank Of Canada raised shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating in a research note on Monday, April 11th. Finally, Deutsche Bank AG downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $39.75.

The firm’s 50 day moving average is $16.47 and its 200 day moving average is $13.22. The stock’s market capitalization is $8.30 billion.

Other large investors recently added to or reduced their stakes in the company. TD Asset Management Inc. boosted its stake in AngloGold Ashanti by 40.1% in the fourth quarter. TD Asset Management Inc. now owns 163,300 shares of the mining company’s stock valued at $1,159,000 after buying an additional 46,700 shares during the period. I.G. Investment Management LTD. boosted its stake in AngloGold Ashanti by 8.8% in the fourth quarter. I.G. Investment Management LTD. now owns 1,076,002 shares of the mining company’s stock valued at $7,640,000 after buying an additional 86,700 shares during the period. Gabelli Funds LLC boosted its stake in AngloGold Ashanti by 1.9% in the fourth quarter. Gabelli Funds LLC now owns 2,635,200 shares of the mining company’s stock valued at $18,710,000 after buying an additional 50,000 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in AngloGold Ashanti by 5.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 19,247,028 shares of the mining company’s stock valued at $136,638,000 after buying an additional 1,059,791 shares during the period.

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