AngloGold Ashanti Limited (NYSE:AU) shares gapped up before the market opened on Tuesday . The stock had previously closed at $9.65, but opened at $9.67. AngloGold Ashanti Limited shares last traded at $9.67, with a volume of 3309756 shares changing hands.

A number of research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of AngloGold Ashanti Limited from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. BidaskClub raised shares of AngloGold Ashanti Limited from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. HSBC Holdings plc raised shares of AngloGold Ashanti Limited from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, J P Morgan Chase & Co raised shares of AngloGold Ashanti Limited from a “neutral” rating to an “overweight” rating in a report on Monday, October 16th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. AngloGold Ashanti Limited currently has a consensus rating of “Hold” and an average price target of $12.43.

The company has a current ratio of 1.57, a quick ratio of 0.65 and a debt-to-equity ratio of 0.88.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can lifted its holdings in shares of AngloGold Ashanti Limited by 4.3% during the 2nd quarter. Bank of Montreal Can now owns 52,654 shares of the mining company’s stock worth $512,000 after acquiring an additional 2,176 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in AngloGold Ashanti Limited by 22.2% in the second quarter. Dynamic Technology Lab Private Ltd now owns 29,292 shares of the mining company’s stock worth $285,000 after purchasing an additional 5,314 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in AngloGold Ashanti Limited by 11.3% in the second quarter. BNP Paribas Arbitrage SA now owns 55,611 shares of the mining company’s stock worth $541,000 after purchasing an additional 5,634 shares during the last quarter. Boyer & Corporon Wealth Management LLC lifted its stake in AngloGold Ashanti Limited by 3.4% in the second quarter. Boyer & Corporon Wealth Management LLC now owns 342,405 shares of the mining company’s stock worth $3,328,000 after purchasing an additional 11,146 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in AngloGold Ashanti Limited in the third quarter worth $123,000. 32.76% of the stock is owned by institutional investors.

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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.

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