Shares of AngloGold Ashanti Ltd. (NYSE:AU) rose 2.3% on Thursday . The stock traded as high as $18.14 and last traded at $17.98, with a volume of 2,011,754 shares trading hands. The stock had previously closed at $17.58.

AU has been the topic of several research analyst reports. Citigroup Inc. lowered AngloGold Ashanti from a “neutral” rating to a “sell” rating in a research note on Tuesday, May 10th. Zacks Investment Research lowered AngloGold Ashanti from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 17th. Jefferies Group reaffirmed a “buy” rating on shares of AngloGold Ashanti in a research note on Tuesday. Finally, Deutsche Bank AG lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $34.17.

The stock has a market cap of $7.26 billion and a PE ratio of 66.42. The company’s 50 day moving average price is $20.84 and its 200 day moving average price is $16.02.

An institutional investor recently raised its position 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 13F filing with the Securities and Exchange Commission (SEC). The firm 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 filing with the SEC.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.