Shares of AngloGold Ashanti Limited (NYSE:AU) traded down 7.7% on Monday . The stock traded as low as $9.74 and last traded at $9.79. 6,558,286 shares changed hands during mid-day trading, an increase of 81% from the average session volume of 3,626,330 shares. The stock had previously closed at $10.61.

Several analysts recently weighed in on the company. BidaskClub lowered AngloGold Ashanti Limited from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Zacks Investment Research raised AngloGold Ashanti Limited from a “sell” rating to a “hold” rating in a report on Monday, September 4th. ValuEngine lowered AngloGold Ashanti Limited from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Finally, CIBC lowered AngloGold Ashanti Limited from a “sector outperform” rating to a “sector perform” rating in a report on Monday, May 15th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.22.

The company’s 50-day moving average is $9.71 and its 200-day moving average is $10.69. The company’s market capitalization is $4.01 billion.

Large investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in AngloGold Ashanti Limited in the second quarter worth about $173,000. Balyasny Asset Management LLC acquired a new position in AngloGold Ashanti Limited in the second quarter worth about $183,000. Quantbot Technologies LP acquired a new position in AngloGold Ashanti Limited in the second quarter worth about $219,000. QCM Cayman Ltd. acquired a new position in AngloGold Ashanti Limited in the second quarter worth about $260,000. Finally, Comerica Bank raised its position in 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 purchasing an additional 306 shares in the last quarter. 32.76% of the stock is owned by hedge funds and other institutional investors.

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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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