AngloGold Ashanti Ltd. (NYSE:AU) shares dropped 3% during mid-day 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.

AU has been the topic of several recent research reports. Deutsche Bank AG lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Citigroup Inc. lowered AngloGold Ashanti from a “neutral” rating to a “sell” rating in a research report on Tuesday, May 10th. Zacks Investment Research lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Tuesday, April 19th. Finally, Royal Bank Of Canada upgraded AngloGold Ashanti from a “sector perform” rating to an “outperform” rating in a research report on Monday, April 11th. One equities 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’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $34.17.

The firm has a 50-day moving average of $16.88 and a 200-day moving average of $13.33. The firm’s market cap is $8.51 billion.

Other hedge funds and institutional investors recently made changes to their positions in the company. TD Asset Management Inc. increased its position in shares of 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. increased its position in shares of 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 increased its position in shares of 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 increased its position in shares of 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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