AngloGold Ashanti Limited (NYSE:AU) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $12.43.

AU has been the topic of several analyst reports. Bank of America Corporation raised shares of AngloGold Ashanti Limited from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 5th. Zacks Investment Research raised shares of AngloGold Ashanti Limited from a “sell” rating to a “hold” rating in a research note on Monday, June 5th. BidaskClub raised shares of AngloGold Ashanti Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Goldman Sachs Group, Inc. (The) downgraded shares of AngloGold Ashanti Limited from a “buy” rating to a “neutral” rating in a research note on Monday, April 24th. Finally, CIBC downgraded shares of AngloGold Ashanti Limited from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, May 8th.

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A number of hedge funds and other institutional investors have recently made changes to their positions in AU. BlackRock Inc. raised its position in shares of AngloGold Ashanti Limited by 1,416.7% in the first 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 in the last quarter. Van ECK Associates Corp raised its position in shares of 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 valued at $308,116,000 after buying an additional 4,139,327 shares in the last quarter. Tocqueville Asset Management L.P. bought a new position in shares of AngloGold Ashanti Limited during the first quarter valued at $24,418,000. Credit Agricole S A raised its position in shares of AngloGold Ashanti Limited by 233.0% in the first quarter. Credit Agricole S A now owns 1,443,841 shares of the mining company’s stock valued at $15,550,000 after buying an additional 1,010,200 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in shares of AngloGold Ashanti Limited by 147.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 965,663 shares of the mining company’s stock valued at $10,400,000 after buying an additional 575,184 shares in the last quarter. 35.86% of the stock is owned by institutional investors.

Shares of AngloGold Ashanti Limited (AU) traded up 1.36% during trading on Friday, hitting $9.68. 2,650,280 shares of the company were exchanged. AngloGold Ashanti Limited has a 12 month low of $9.28 and a 12 month high of $22.91. The company’s 50-day moving average price is $10.46 and its 200 day moving average price is $11.37. The stock has a market cap of $3.96 billion, a P/E ratio of 64.53 and a beta of -1.38.

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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