AngloGold Ashanti Ltd. (NYSE:AU) traded down 3.4% during mid-day trading on Monday . The company traded as low as $19.92 and last traded at $20.33, with a volume of 1,732,510 shares trading hands. The stock had previously closed at $21.05.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of AngloGold Ashanti from a “strong sell” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, July 12th. Deutsche Bank AG downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Royal Bank Of Canada raised shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating in a research report on Monday, April 11th. Finally, Citigroup Inc. downgraded shares of AngloGold Ashanti from a “neutral” rating to a “sell” rating in a research report on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. AngloGold Ashanti presently has an average rating of “Hold” and a consensus price target of $34.17.

The firm’s 50-day moving average price is $18.35 and its 200-day moving average price is $14.12. The stock’s market cap is $8.23 billion.

Several hedge funds recently added to or reduced their stakes in AU. Dimensional Fund Advisors LP increased 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 worth $136,638,000 after buying an additional 1,059,791 shares during the last quarter. I.G. Investment Management LTD. increased 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 worth $7,640,000 after buying an additional 86,700 shares during the last quarter. TD Asset Management Inc. increased 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 worth $1,159,000 after buying an additional 46,700 shares during the last quarter. Airain ltd increased its stake in AngloGold Ashanti by 14.5% in the fourth quarter. Airain ltd now owns 337,367 shares of the mining company’s stock worth $2,395,000 after buying an additional 42,718 shares during the last quarter. Finally, Boyer & Corporon Wealth Management LLC increased its stake 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 worth $1,535,000 after buying an additional 34,245 shares during the last quarter.

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