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 trading hands. The stock had previously closed at $21.00.

AU has been the subject of several research analyst reports. Deutsche Bank AG cut AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Citigroup Inc. cut AngloGold Ashanti from a “neutral” rating to a “sell” rating in a report on Tuesday, May 10th. Zacks Investment Research cut AngloGold Ashanti from a “buy” rating to a “hold” rating in a report on Tuesday, April 19th. Finally, Royal Bank Of Canada upgraded AngloGold Ashanti from a “sector perform” rating to an “outperform” rating in a report on Monday, April 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. AngloGold Ashanti currently has an average rating of “Hold” and a consensus price target of $34.17.

The company has a 50-day moving average price of $17.62 and a 200 day moving average price of $13.74. The company’s market capitalization is $8.59 billion.

A number of institutional investors have added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted 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 worth $136,638,000 after buying an additional 1,059,791 shares during the last quarter. I.G. Investment Management LTD. boosted 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 worth $7,640,000 after buying an additional 86,700 shares during the last quarter. Gabelli Funds LLC boosted 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 worth $18,710,000 after buying an additional 50,000 shares during the last quarter. TD Asset Management Inc. boosted 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 worth $1,159,000 after buying an additional 46,700 shares during the last quarter. Finally, Boyer & Corporon Wealth Management LLC boosted its position 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 worth $1,535,000 after buying an additional 34,245 shares during the last quarter.

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