Teacher Retirement System of Texas trimmed its holdings in shares of AngloGold Ashanti PLC (NYSE:AU - Free Report) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 986,830 shares of the mining company's stock after selling 20,077 shares during the quarter. Teacher Retirement System of Texas owned 0.24% of AngloGold Ashanti worth $36,631,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in AU. Vanguard Group Inc. boosted its stake in shares of AngloGold Ashanti by 22.9% in the 4th quarter. Vanguard Group Inc. now owns 20,857,324 shares of the mining company's stock valued at $467,795,000 after purchasing an additional 3,882,283 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of AngloGold Ashanti by 274.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,133,744 shares of the mining company's stock valued at $118,448,000 after purchasing an additional 3,764,165 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of AngloGold Ashanti by 3,767.1% in the 4th quarter. Marshall Wace LLP now owns 2,751,410 shares of the mining company's stock valued at $63,503,000 after purchasing an additional 2,680,261 shares during the last quarter. Carrhae Capital LLP boosted its stake in shares of AngloGold Ashanti by 170.0% in the 4th quarter. Carrhae Capital LLP now owns 3,459,193 shares of the mining company's stock valued at $79,838,000 after purchasing an additional 2,177,783 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of AngloGold Ashanti in the 4th quarter valued at $24,741,000. 36.09% of the stock is owned by institutional investors.
AngloGold Ashanti Stock Up 2.8%
Shares of AngloGold Ashanti stock traded up $1.29 during trading on Monday, reaching $48.00. 2,999,246 shares of the company traded hands, compared to its average volume of 2,866,650. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.34 and a quick ratio of 1.57. AngloGold Ashanti PLC has a 1-year low of $22.45 and a 1-year high of $51.11. The company has a 50 day moving average price of $44.78 and a 200-day moving average price of $36.52. The firm has a market capitalization of $20.15 billion, a PE ratio of 15.79 and a beta of 0.48.
AngloGold Ashanti (NYSE:AU - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The mining company reported $0.88 earnings per share for the quarter. AngloGold Ashanti had a net margin of 21.09% and a return on equity of 21.18%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.84 billion. As a group, equities research analysts expect that AngloGold Ashanti PLC will post 3.83 earnings per share for the current fiscal year.
AngloGold Ashanti Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 1.14%. AngloGold Ashanti's payout ratio is 16.45%.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on AU. Wall Street Zen lowered shares of AngloGold Ashanti from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 1st. JPMorgan Chase & Co. upped their price objective on shares of AngloGold Ashanti from $33.00 to $53.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Roth Capital upped their price objective on shares of AngloGold Ashanti from $52.00 to $54.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Scotiabank boosted their target price on shares of AngloGold Ashanti from $42.00 to $43.50 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Finally, HSBC reiterated a "reduce" rating and set a $35.00 target price on shares of AngloGold Ashanti in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $43.42.
Get Our Latest Stock Report on AU
AngloGold Ashanti Profile
(
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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