Shares of AngloGold Ashanti Ltd. (NYSE:AU) saw unusually-strong trading volume on Friday . Approximately 2,911,923 shares were traded during trading, a decline of 4% from the previous session’s volume of 3,047,219 shares.The stock last traded at $18.04 and had previously closed at $17.80.

Several analysts have commented on the stock. Zacks Investment Research raised shares of AngloGold Ashanti from a “strong sell” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Tuesday, July 12th. Jefferies Group reaffirmed a “buy” rating on shares of AngloGold Ashanti in a research report on Tuesday, August 23rd. Deutsche Bank AG lowered shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Finally, Citigroup Inc. lowered shares of 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 given a hold rating and five have assigned a buy rating to the company. AngloGold Ashanti has an average rating of “Buy” and a consensus target price of $34.17.

The company has a market cap of $7.23 billion and a price-to-earnings ratio of 66.16. The company has a 50 day moving average of $20.71 and a 200 day moving average of $16.08.

An institutional investor recently raised its position in AngloGold Ashanti stock. I.G. Investment Management LTD. increased its position in shares of AngloGold Ashanti Ltd. (NYSE:AU) by 8.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 about 0.27% of AngloGold Ashanti worth $7,640,000 as of its most recent filing with the SEC.

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