Teacher Retirement System of Texas lowered its position in shares of AngloGold Ashanti plc (NYSE:AU - Free Report) by 45.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,006,907 shares of the mining company's stock after selling 839,623 shares during the period. Teacher Retirement System of Texas owned approximately 0.24% of AngloGold Ashanti worth $23,239,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Van ECK Associates Corp grew its holdings in AngloGold Ashanti by 10.9% during the 4th quarter. Van ECK Associates Corp now owns 25,411,814 shares of the mining company's stock valued at $586,504,000 after purchasing an additional 2,491,130 shares in the last quarter. FMR LLC boosted its position in AngloGold Ashanti by 39.5% in the 3rd quarter. FMR LLC now owns 10,448,445 shares of the mining company's stock valued at $277,968,000 after buying an additional 2,957,304 shares during the last quarter. TT International Asset Management LTD grew its stake in shares of AngloGold Ashanti by 51.3% during the third quarter. TT International Asset Management LTD now owns 2,836,110 shares of the mining company's stock valued at $75,525,000 after acquiring an additional 962,141 shares in the last quarter. Ninety One UK Ltd purchased a new stake in shares of AngloGold Ashanti during the fourth quarter worth about $45,043,000. Finally, Allianz Asset Management GmbH lifted its stake in shares of AngloGold Ashanti by 39.0% in the fourth quarter. Allianz Asset Management GmbH now owns 1,934,603 shares of the mining company's stock worth $44,651,000 after acquiring an additional 542,463 shares in the last quarter. 36.09% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating on the stock in a research report on Friday, December 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $36.00 price target on shares of AngloGold Ashanti in a report on Thursday, February 20th. Finally, Scotiabank raised their price objective on shares of AngloGold Ashanti from $30.00 to $34.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $34.00.
Check Out Our Latest Research Report on AngloGold Ashanti
AngloGold Ashanti Stock Performance
AU stock traded up $0.87 during midday trading on Tuesday, reaching $35.73. The company had a trading volume of 716,298 shares, compared to its average volume of 2,321,706. The firm has a market capitalization of $15.00 billion, a PE ratio of 11.17 and a beta of 0.92. The stock has a 50 day moving average price of $30.96 and a 200 day moving average price of $27.94. AngloGold Ashanti plc has a fifty-two week low of $21.23 and a fifty-two week high of $36.69. The company has a quick ratio of 1.14, a current ratio of 1.73 and a debt-to-equity ratio of 0.46.
AngloGold Ashanti (NYSE:AU - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.99 by ($0.10). The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Analysts anticipate that AngloGold Ashanti plc will post 3.83 earnings per share for the current year.
AngloGold Ashanti Increases Dividend
The company also recently declared a semi-annual dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.69 per share. The ex-dividend date is Friday, March 14th. This represents a dividend yield of 2.8%. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.22. AngloGold Ashanti's dividend payout ratio is currently 43.13%.
AngloGold Ashanti Profile
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Free Report)
AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. The company primarily explores for gold, as well as produces silver and sulphuric acid as by-products. Its flagship property is a 100% owned Geita mine located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania.
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