AngloGold Ashanti Ltd. (NYSE:AU)’s share price traded down 0.9% during trading on Monday . The company traded as low as $17.31 and last traded at $17.57, with a volume of 1,621,572 shares traded. The stock had previously closed at $17.73.

Several equities research analysts recently issued reports on the company. Zacks Investment Research raised AngloGold Ashanti from a “strong sell” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Tuesday, July 12th. Citigroup Inc. reissued a “sell” rating on shares of AngloGold Ashanti in a research note on Thursday, August 18th. Deutsche Bank AG lowered AngloGold Ashanti from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, Jefferies Group reissued a “buy” rating on shares of AngloGold Ashanti in a research note on Tuesday, August 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $34.17.

The stock’s 50 day moving average is $20.71 and its 200-day moving average is $16.08. The firm has a market capitalization of $7.15 billion and a P/E ratio of 65.37.

A hedge fund recently raised its stake in AngloGold Ashanti stock. I.G. Investment Management LTD. raised its stake in shares of AngloGold Ashanti Ltd. (NYSE:AU) by 8.8% during the fourth quarter, according to its most recent filing with the SEC. The fund 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 approximately 0.27% of AngloGold Ashanti worth $7,640,000 as of its most recent filing with the SEC.

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