AngloGold Ashanti Ltd. (NYSE:AU)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $21.72 and last traded at $21.72, with a volume of 1,818,944 shares traded. The stock had previously closed at $20.89.

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

The stock’s 50 day moving average price is $18.66 and its 200-day moving average price is $14.26. The company’s market cap is $8.83 billion.

A number of hedge funds and institutional investors have modified their holdings of AU. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Airain ltd increased its position in shares of AngloGold Ashanti by 14.5% in the fourth quarter. Airain ltd now owns 337,367 shares of the mining company’s stock valued at $2,395,000 after buying an additional 42,718 shares in the last quarter. Finally, Boyer & Corporon Wealth Management LLC increased 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 valued at $1,535,000 after buying an additional 34,245 shares in the last quarter.

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