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

AU has been the subject of several research reports. Zacks Investment Research raised AngloGold Ashanti from a “strong sell” rating to a “hold” rating in a research report on Monday, May 2nd. Deutsche Bank AG cut AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Finally, Citigroup Inc. cut 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 issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $34.17.

The stock has a market capitalization of $8.23 billion and a price-to-earnings ratio of 75.22. The company’s 50-day moving average price is $20.82 and its 200 day moving average price is $15.66.

An institutional investor recently raised its position in AngloGold Ashanti stock. Airain ltd boosted its position in shares of AngloGold Ashanti Ltd. (NYSE:AU) by 14.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 337,367 shares of the mining company’s stock after buying an additional 42,718 shares during the period. Airain ltd owned 0.08% of AngloGold Ashanti worth $2,395,000 as of its most recent filing with the SEC.

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