Shares of AngloGold Ashanti Limited (NYSE:AU) gapped down before the market opened on Monday . The stock had previously closed at $10.24, but opened at $9.94. AngloGold Ashanti Limited shares last traded at $9.50, with a volume of 3,580,040 shares trading hands.

Several brokerages have recently weighed in on AU. BidaskClub lowered shares of AngloGold Ashanti Limited from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research upgraded shares of AngloGold Ashanti Limited from a “sell” rating to a “hold” rating in a research report on Friday. Finally, ValuEngine lowered shares of AngloGold Ashanti Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $13.22.

The company’s 50-day moving average price is $9.72 and its 200-day moving average price is $10.64. The stock’s market cap is $3.89 billion.

Large investors have recently added to or reduced their stakes in the stock. Boyer & Corporon Wealth Management LLC increased its position in AngloGold Ashanti Limited by 3.4% during the second quarter. Boyer & Corporon Wealth Management LLC now owns 342,405 shares of the mining company’s stock worth $3,328,000 after acquiring an additional 11,146 shares during the period. Van ECK Associates Corp increased its holdings in AngloGold Ashanti Limited by 16.9% in the 1st quarter. Van ECK Associates Corp now owns 28,608,742 shares of the mining company’s stock valued at $308,116,000 after buying an additional 4,139,327 shares during the period. BlackRock Inc. increased its holdings in AngloGold Ashanti Limited by 1,416.7% in the 1st quarter. BlackRock Inc. now owns 27,630,810 shares of the mining company’s stock valued at $297,583,000 after buying an additional 25,808,998 shares during the period. UBS Asset Management Americas Inc. increased its holdings in 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 buying an additional 60,888 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in 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 buying an additional 570,117 shares during the period. 32.76% 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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