AngloGold Ashanti Ltd. (NYSE:AU) shares shot up 2.4% during trading on Wednesday . The company traded as high as $22.36 and last traded at $22.20, with a volume of 1,440,263 shares trading hands. The stock had previously closed at $21.67.

A number of brokerages have commented on AU. Zacks Investment Research upgraded AngloGold Ashanti from a “strong sell” rating to a “hold” rating in a research report on Monday, May 2nd. Citigroup Inc. lowered AngloGold Ashanti from a “neutral” rating to a “sell” rating in a research report on Tuesday, May 10th. Finally, Deutsche Bank AG lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. One equities 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 currently has a consensus rating of “Hold” and a consensus target price of $34.17.

The stock has a 50-day moving average of $20.10 and a 200-day moving average of $15.19. The company’s market cap is $9.03 billion.

A number of hedge funds and institutional investors have recently made changes to their positions in the stock. 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. 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. 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. Finally, 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.

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