AngloGold Ashanti Limited (NYSE:AU)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as $9.15 and last traded at $9.14, with a volume of 2,950,597 shares changing hands. The stock had previously closed at $9.34.

Several brokerages have recently commented on AU. Zacks Investment Research cut shares of AngloGold Ashanti Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub upgraded shares of AngloGold Ashanti Limited from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. ValuEngine lowered shares of AngloGold Ashanti Limited from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. CIBC lowered shares of AngloGold Ashanti Limited from a “sector outperform” rating to a “sector perform” rating in a report on Monday, May 15th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of AngloGold Ashanti Limited from a “buy” rating to a “neutral” rating in a report on Monday, April 24th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.22.

The stock’s 50 day moving average is $10.01 and its 200 day moving average is $11.27. The company has a market cap of $3.74 billion, a P/E ratio of 60.93 and a beta of -1.37.

Large investors have recently made changes to their positions in the stock. Comerica Bank increased its stake in shares of AngloGold Ashanti Limited by 1.3% in the first quarter. Comerica Bank now owns 23,405 shares of the mining company’s stock worth $263,000 after buying an additional 306 shares in the last quarter. World Asset Management Inc increased its stake in shares of AngloGold Ashanti Limited by 1.2% in the first quarter. World Asset Management Inc now owns 25,360 shares of the mining company’s stock worth $273,000 after buying an additional 308 shares in the last quarter. Capstone Asset Management Co. increased its stake in shares of AngloGold Ashanti Limited by 6.6% in the first quarter. Capstone Asset Management Co. now owns 25,650 shares of the mining company’s stock worth $276,000 after buying an additional 1,580 shares in the last quarter. Bank of Montreal Can increased its stake in shares of AngloGold Ashanti Limited by 4.3% in the second quarter. Bank of Montreal Can now owns 52,654 shares of the mining company’s stock worth $512,000 after buying an additional 2,176 shares in the last quarter. Finally, Profund Advisors LLC increased its stake in shares of AngloGold Ashanti Limited by 3.1% in the first quarter. Profund Advisors LLC now owns 87,684 shares of the mining company’s stock worth $944,000 after buying an additional 2,623 shares in the last quarter. 35.89% of the stock is currently owned by institutional investors and hedge funds.

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AngloGold Ashanti Limited Company Profile

AngloGold Ashanti Limited (AngloGold Ashanti) is a gold mining company. The Company’s business activities span the spectrum of the mining value chain. Its main product is gold. Its portfolio includes over 17 mines in approximately nine countries. It also produces silver, uranium and sulfuric acid as by-products.

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