J P Morgan Chase & Co upgraded shares of AngloGold Ashanti Limited (NYSE:AU) from a neutral rating to an overweight rating in a research note published on Monday, Marketbeat Ratings reports.

Several other research firms have also recently weighed in on AU. Zacks Investment Research cut AngloGold Ashanti Limited from a hold rating to a sell rating in a report on Friday, October 6th. BidaskClub upgraded AngloGold Ashanti Limited from a sell rating to a hold rating in a report on Wednesday, June 28th. Finally, ValuEngine cut AngloGold Ashanti Limited from a hold rating to a sell rating in a report on Tuesday, June 27th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. AngloGold Ashanti Limited presently has an average rating of Hold and an average target price of $12.43.

AngloGold Ashanti Limited (AU) opened at 9.28 on Monday. AngloGold Ashanti Limited has a 52 week low of $8.89 and a 52 week high of $14.77. The firm has a 50-day moving average price of $9.66 and a 200 day moving average price of $10.44. The firm’s market capitalization is $3.80 billion.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AU. First Trust Advisors LP purchased a new stake in AngloGold Ashanti Limited in the 1st quarter worth approximately $503,000. Bank of New York Mellon Corp lifted its stake in shares of AngloGold Ashanti Limited by 218.1% in the 1st quarter. Bank of New York Mellon Corp now owns 831,541 shares of the mining company’s stock valued at $8,956,000 after purchasing an additional 570,117 shares during the period. Comerica Bank lifted its stake in shares of AngloGold Ashanti Limited by 1.3% in the 1st quarter. Comerica Bank now owns 23,405 shares of the mining company’s stock valued at $263,000 after purchasing an additional 306 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of AngloGold Ashanti Limited by 10.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 620,875 shares of the mining company’s stock valued at $6,687,000 after purchasing an additional 60,888 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of AngloGold Ashanti Limited by 2.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,742,674 shares of the mining company’s stock valued at $126,446,000 after purchasing an additional 316,677 shares during the period. Institutional investors and hedge funds own 32.74% of the company’s stock.

About AngloGold Ashanti Limited

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.

Analyst Recommendations for AngloGold Ashanti Limited (NYSE:AU)

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