AngloGold Ashanti Limited (NYSE:AU) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday.

Several other brokerages have also recently issued reports on AU. Zacks Investment Research upgraded shares of AngloGold Ashanti Limited from a “sell” rating to a “hold” rating in a report on Friday, April 21st. CIBC cut shares of AngloGold Ashanti Limited from a “sector outperform” rating to a “sector perform” rating in a report on Monday, May 15th. Royal Bank Of Canada cut shares of AngloGold Ashanti Limited from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $11.96 to $12.43 in a report on Monday, April 24th. They noted that the move was a valuation call. ValuEngine cut shares of AngloGold Ashanti Limited from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, J P Morgan Chase & Co cut shares of AngloGold Ashanti Limited from an “overweight” rating to a “neutral” rating in a report on Friday, March 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.22.

Shares of AngloGold Ashanti Limited (AU) traded down 2.98% during midday trading on Wednesday, hitting $10.11. 3,503,932 shares of the stock were exchanged. AngloGold Ashanti Limited has a 12 month low of $9.28 and a 12 month high of $22.91. The firm has a 50 day moving average of $11.30 and a 200-day moving average of $11.45. The stock has a market cap of $4.13 billion, a P/E ratio of 67.40 and a beta of -1.40.

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In other news, Director Matti Talikka sold 100,000 shares of the firm’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $1.63, for a total value of $163,000.00. Also, insider David Loveys sold 125,000 shares of the firm’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $1.63, for a total transaction of $203,750.00.

A number of hedge funds have recently added to or reduced their stakes in AU. Mirae Asset Global Investments Co. Ltd. boosted its stake in AngloGold Ashanti Limited by 27.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 284,701 shares of the mining company’s stock worth $3,066,000 after buying an additional 60,452 shares during the period. LGT Capital Partners LTD. boosted its stake in AngloGold Ashanti Limited by 50.0% in the first quarter. LGT Capital Partners LTD. now owns 840,000 shares of the mining company’s stock worth $9,047,000 after buying an additional 280,000 shares during the period. Van ECK Associates Corp boosted its stake in AngloGold Ashanti Limited by 16.9% in the first quarter. Van ECK Associates Corp now owns 28,608,742 shares of the mining company’s stock worth $308,116,000 after buying an additional 4,139,327 shares during the period. UBS Asset Management Americas Inc. boosted its stake in AngloGold Ashanti Limited by 10.9% in the first quarter. UBS Asset Management Americas Inc. now owns 620,875 shares of the mining company’s stock worth $6,687,000 after buying an additional 60,888 shares during the period. Finally, Comerica Bank boosted its stake in AngloGold Ashanti Limited by 13.3% in the fourth quarter. Comerica Bank now owns 23,099 shares of the mining company’s stock worth $278,000 after buying an additional 2,710 shares during the period. Institutional investors own 35.86% 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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