Shares of AngloGold Ashanti Limited (NYSE:AU) have received a consensus recommendation of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $12.43.

A number of brokerages recently weighed in on AU. Zacks Investment Research cut AngloGold Ashanti Limited from a “hold” rating to a “sell” rating in a research note on Friday, May 26th. CIBC cut AngloGold Ashanti Limited from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, May 15th. BidaskClub cut AngloGold Ashanti Limited from a “hold” rating to a “sell” rating in a research note on Thursday, June 15th. Finally, ValuEngine cut AngloGold Ashanti Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th.

A number of institutional investors have recently added to or reduced their stakes in the business. Comerica Bank raised its stake in AngloGold Ashanti Limited by 1.3% in the first quarter. Comerica Bank now owns 23,405 shares of the mining company’s stock valued at $263,000 after buying an additional 306 shares during the last quarter. World Asset Management Inc raised its stake in AngloGold Ashanti Limited by 1.2% in the first quarter. World Asset Management Inc now owns 25,360 shares of the mining company’s stock valued at $273,000 after buying an additional 308 shares during the last quarter. Capstone Asset Management Co. raised its stake in AngloGold Ashanti Limited by 6.6% in the first quarter. Capstone Asset Management Co. now owns 25,650 shares of the mining company’s stock valued at $276,000 after buying an additional 1,580 shares during the last quarter. Bank of Montreal Can raised its stake in AngloGold Ashanti Limited by 4.3% in the second quarter. Bank of Montreal Can now owns 52,654 shares of the mining company’s stock valued at $512,000 after buying an additional 2,176 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd raised 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 valued at $285,000 after buying an additional 5,314 shares during the last quarter. Institutional investors own 32.76% of the company’s stock.

AngloGold Ashanti Limited (NYSE:AU) traded down 1.58% during midday trading on Friday, reaching $10.61. The company had a trading volume of 3,750,388 shares. The company’s market capitalization is $4.34 billion. The firm has a 50-day moving average of $9.71 and a 200 day moving average of $10.71. AngloGold Ashanti Limited has a 1-year low of $8.89 and a 1-year high of $17.23.

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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.

Analyst Recommendations for AngloGold Ashanti Limited (NYSE:AU)

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