AngloGold Ashanti Limited (NYSE:AU) shares gapped down before the market opened on Tuesday . The stock had previously closed at $10.77, but opened at $10.35. AngloGold Ashanti shares last traded at $9.90, with a volume of 3100600 shares traded.

A number of research analysts have issued reports on the stock. Deutsche Bank upgraded shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a research report on Thursday, November 30th. Zacks Investment Research upgraded shares of AngloGold Ashanti from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. BidaskClub upgraded shares of AngloGold Ashanti from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. raised shares of AngloGold Ashanti from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Finally, Royal Bank Of Canada raised shares of AngloGold Ashanti from a “sector perform” rating to an “outperform” rating and set a $11.50 price target for the company in a report on Monday, November 13th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $11.50.

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

Large investors have recently modified their holdings of the stock. Virtu Financial LLC increased its position in AngloGold Ashanti by 377.0% in the 3rd quarter. Virtu Financial LLC now owns 84,891 shares of the mining company’s stock valued at $241,000 after acquiring an additional 67,094 shares during the period. Oaktree Capital Management LP increased its position in AngloGold Ashanti by 5.2% in the 3rd quarter. Oaktree Capital Management LP now owns 3,237,041 shares of the mining company’s stock valued at $30,072,000 after acquiring an additional 159,816 shares during the period. AMP Capital Investors Ltd acquired a new position in AngloGold Ashanti in the 3rd quarter valued at approximately $969,000. Allianz Asset Management GmbH increased its position in AngloGold Ashanti by 5.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,493,787 shares of the mining company’s stock valued at $13,877,000 after acquiring an additional 76,317 shares during the period. Finally, OxFORD Asset Management LLP increased its position in AngloGold Ashanti by 17.9% in the 3rd quarter. OxFORD Asset Management LLP now owns 104,703 shares of the mining company’s stock valued at $981,000 after acquiring an additional 15,886 shares during the period. 31.43% of the stock is owned by institutional investors and hedge funds.

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About AngloGold Ashanti

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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