AngloGold Ashanti Ltd. (NYSE:AU) shares fell 3.4% on Monday . The company traded as low as $18.35 and last traded at $18.52, with a volume of 2,143,691 shares traded. The stock had previously closed at $19.17.

A number of brokerages have recently weighed in on AU. Zacks Investment Research raised shares of AngloGold Ashanti from a “strong sell” rating to a “hold” rating in a research note on Monday, May 2nd. Citigroup Inc. restated a “sell” rating on shares of AngloGold Ashanti in a research report on Thursday. Finally, Deutsche Bank AG lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. One 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’s stock. AngloGold Ashanti currently has an average rating of “Hold” and a consensus target price of $34.17.

The firm’s 50-day moving average price is $20.98 and its 200 day moving average price is $15.79. The company has a market cap of $7.56 billion and a P/E ratio of 69.18.

A hedge fund recently raised its stake in AngloGold Ashanti stock. Airain ltd increased 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. 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 about 0.08% of AngloGold Ashanti worth $2,395,000 as of its most recent SEC filing.

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