AngloGold Ashanti Ltd. (NYSE:AU)’s share price traded down 4.3% during mid-day trading on Monday . The stock traded as low as $20.94 and last traded at $20.97, with a volume of 2,035,183 shares trading hands. The stock had previously closed at $21.91.

Several brokerages recently weighed in on AU. Zacks Investment Research raised AngloGold Ashanti from a “strong sell” rating to a “hold” rating in a research note on Monday, May 2nd. 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 assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $34.17.

The company has a 50 day moving average of $20.75 and a 200-day moving average of $15.57. The company’s market cap is $8.45 billion.

A hedge fund recently raised its stake in AngloGold Ashanti stock. I.G. Investment Management LTD. increased its stake in shares of AngloGold Ashanti Ltd. (NYSE:AU) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,076,002 shares of the mining company’s stock after buying an additional 86,700 shares during the period. I.G. Investment Management LTD. owned 0.27% of AngloGold Ashanti worth $7,640,000 at the end of the most recent quarter.

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