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

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised AngloGold Ashanti from a “strong sell” rating to a “hold” rating in a research report on Monday, May 2nd. Citigroup Inc. reissued a “sell” rating on shares of AngloGold Ashanti in a research report on Thursday, August 18th. Deutsche Bank AG downgraded AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Finally, Jefferies Group reissued a “buy” rating on shares of AngloGold Ashanti in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $34.17.

The company has a market cap of $7.23 billion and a P/E ratio of 66.16. The firm’s 50 day moving average price is $20.71 and its 200 day moving average price is $16.08.

An institutional investor recently raised its position in AngloGold Ashanti stock. Airain ltd increased its position in 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 institutional investor 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 at the end of the most recent reporting period.

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