Teacher Retirement System of Texas Reduces Position in AngloGold Ashanti plc (NYSE:AU)

Teacher Retirement System of Texas cut its stake in AngloGold Ashanti plc (NYSE:AU - Free Report) by 45.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,006,907 shares of the mining company's stock after selling 839,623 shares during the quarter. Teacher Retirement System of Texas owned about 0.24% of AngloGold Ashanti worth $23,239,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in shares of AngloGold Ashanti by 210.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,174 shares of the mining company's stock valued at $27,000 after purchasing an additional 796 shares during the last quarter. R Squared Ltd purchased a new stake in AngloGold Ashanti in the 4th quarter valued at about $36,000. Decker Retirement Planning Inc. purchased a new position in AngloGold Ashanti during the fourth quarter worth about $69,000. SBI Securities Co. Ltd. acquired a new stake in shares of AngloGold Ashanti during the fourth quarter valued at about $82,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of AngloGold Ashanti by 378.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,782 shares of the mining company's stock worth $127,000 after acquiring an additional 3,782 shares during the last quarter. 36.09% of the stock is owned by hedge funds and other institutional investors.

AngloGold Ashanti Stock Down 0.2 %

NYSE AU traded down $0.07 during trading on Wednesday, reaching $35.56. 1,049,218 shares of the company's stock were exchanged, compared to its average volume of 2,525,111. The company has a 50 day moving average price of $31.15 and a two-hundred day moving average price of $27.99. The stock has a market cap of $14.92 billion, a P/E ratio of 11.11 and a beta of 0.92. AngloGold Ashanti plc has a 1 year low of $21.37 and a 1 year high of $36.69. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.14 and a current ratio of 1.73.

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AngloGold Ashanti (NYSE:AU - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The mining company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.10). The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.75 billion. On average, equities research analysts anticipate that AngloGold Ashanti plc will post 3.83 EPS for the current fiscal year.

AngloGold Ashanti Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.69 per share. This is a positive change from AngloGold Ashanti's previous semi-annual dividend of $0.22. This represents a yield of 2.8%. The ex-dividend date of this dividend is Friday, March 14th. AngloGold Ashanti's dividend payout ratio (DPR) is currently 43.13%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Royal Bank of Canada reissued an "outperform" rating and set a $36.00 target price on shares of AngloGold Ashanti in a research note on Thursday, February 20th. Scotiabank lifted their price objective on AngloGold Ashanti from $30.00 to $34.00 and gave the company a "sector perform" rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lowered their price objective on AngloGold Ashanti from $37.00 to $32.00 and set an "overweight" rating for the company in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $34.00.

About AngloGold Ashanti

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.