AngloGold Ashanti Ltd. (NYSE:AU)’s share price rose 2.4% during mid-day 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 traded. The stock had previously closed at $21.67.

AU has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of AngloGold Ashanti from a “strong sell” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, July 12th. Deutsche Bank AG cut shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, Citigroup Inc. cut shares of AngloGold Ashanti from a “neutral” rating to a “sell” rating in a research note on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. AngloGold Ashanti presently has a consensus rating of “Hold” and a consensus price target of $34.17.

The firm’s market capitalization is $8.91 billion. The firm has a 50-day moving average price of $20.46 and a 200 day moving average price of $15.29.

A number of hedge funds have added to or reduced their stakes in AU. Boyer & Corporon Wealth Management LLC raised 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. Airain ltd raised 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. I.G. Investment Management LTD. raised 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. Finally, Dimensional Fund Advisors LP raised 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.

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