AngloGold Ashanti Ltd. (NYSE:AU) traded up 2.8% during mid-day trading on Thursday . The stock traded as high as $16.68 and last traded at $16.54, with a volume of 2,653,215 shares. The stock had previously closed at $16.09.

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

The company’s 50-day moving average is $20.37 and its 200-day moving average is $16.24. The company has a market cap of $6.78 billion and a P/E ratio of 62.01.

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