AngloGold Ashanti Ltd. (NYSE:AU)’s share price rose 3.6% during trading on Wednesday . The stock traded as high as $21.19 and last traded at $21.11, with a volume of 2,280,558 shares trading hands. The stock had previously closed at $20.38.

AU has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of AngloGold Ashanti from a “strong sell” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday. Royal Bank Of Canada upgraded shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating in a research note on Monday, April 11th. Deutsche Bank AG lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, Citigroup Inc. lowered shares of AngloGold Ashanti from a “neutral” rating to a “sell” rating in a research note on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $34.17.

The firm’s market cap is $8.66 billion. The stock has a 50-day moving average price of $16.65 and a 200 day moving average price of $13.27.

A number of institutional investors recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position 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. Gabelli Funds LLC raised its position 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. I.G. Investment Management LTD. raised its position 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. Boyer & Corporon Wealth Management LLC raised its position in AngloGold Ashanti by 18.8% in the fourth quarter. Boyer & Corporon Wealth Management LLC now owns 216,129 shares of the mining company’s stock valued at $1,535,000 after buying an additional 34,245 shares during the period. Finally, TD Asset Management Inc. raised its position 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.