Shares of AngloGold Ashanti Ltd. (NYSE:AU) dropped 2.2% during mid-day trading on Monday . The stock traded as low as $20.46 and last traded at $20.53, with a volume of 1,735,339 shares. The stock had previously closed at $21.00.

AU has been the topic of several recent research reports. Zacks Investment Research raised AngloGold Ashanti from a “strong sell” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Tuesday, July 12th. Deutsche Bank AG lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Royal Bank Of Canada upgraded AngloGold Ashanti from a “sector perform” rating to an “outperform” rating in a report on Monday, April 11th. Finally, Citigroup Inc. lowered AngloGold Ashanti from a “neutral” rating to a “sell” rating in a report on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.17.

The firm’s market cap is $8.46 billion. The company’s 50-day moving average is $17.42 and its 200 day moving average is $13.63.

A number of hedge funds have modified their holdings of AU. TD Asset Management Inc. raised its stake 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 last quarter. Boyer & Corporon Wealth Management LLC raised its stake in shares of 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 last quarter. I.G. Investment Management LTD. raised its stake 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 last quarter. Gabelli Funds LLC raised its stake 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 last quarter. Finally, Dimensional Fund Advisors LP raised its stake 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 last quarter.

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