AngloGold Ashanti Ltd. (NYSE:AU) shot up 5.4% on Wednesday . The stock traded as high as $16.11 and last traded at $15.93, with a volume of 2,538,418 shares. The stock had previously closed at $15.11.

Several research firms have recently weighed in on AU. Citigroup Inc. reissued a “sell” rating on shares of AngloGold Ashanti in a research report on Thursday, August 18th. Deutsche Bank AG downgraded shares of AngloGold Ashanti from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Jefferies Group reissued a “buy” rating on shares of AngloGold Ashanti in a research report on Tuesday, August 23rd. Finally, Zacks Investment Research raised shares of AngloGold Ashanti from a “strong sell” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.00.

The firm’s 50 day moving average price is $18.53 and its 200 day moving average price is $16.67. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 61.72 and a beta of -0.75.

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A number of hedge funds have recently bought and sold shares of the company. Bailard Inc. increased its stake in AngloGold Ashanti by 9.2% in the second quarter. Bailard Inc. now owns 13,106 shares of the mining company’s stock valued at $237,000 after buying an additional 1,106 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in AngloGold Ashanti by 8.1% in the second quarter. BNP Paribas Arbitrage SA now owns 23,066 shares of the mining company’s stock valued at $417,000 after buying an additional 1,733 shares in the last quarter. Bank of New York Mellon Corp increased its stake in AngloGold Ashanti by 0.7% in the second quarter. Bank of New York Mellon Corp now owns 284,939 shares of the mining company’s stock valued at $5,146,000 after buying an additional 1,869 shares in the last quarter. World Asset Management Inc increased its stake in AngloGold Ashanti by 8.5% in the second quarter. World Asset Management Inc now owns 25,238 shares of the mining company’s stock valued at $456,000 after buying an additional 1,985 shares in the last quarter. Finally, Seven Eight Capital LLC increased its stake in AngloGold Ashanti by 40.7% in the first quarter. Seven Eight Capital LLC now owns 7,600 shares of the mining company’s stock valued at $104,000 after buying an additional 2,200 shares in the last quarter. 39.88% of the stock is owned by institutional investors.

AngloGold Ashanti 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.

5 Day Chart for NYSE:AU

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