Teacher Retirement System of Texas Sells 20,077 Shares of AngloGold Ashanti PLC (NYSE:AU)

Teacher Retirement System of Texas decreased its holdings in AngloGold Ashanti PLC (NYSE:AU) by 2.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 986,830 shares of the mining company’s stock after selling 20,077 shares during the period. Teacher Retirement System of Texas owned approximately 0.24% of AngloGold Ashanti worth $36,631,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in AngloGold Ashanti by 9.3% during the 4th quarter. Rhumbline Advisers now owns 10,745 shares of the mining company’s stock valued at $248,000 after acquiring an additional 910 shares during the period. Bank of New York Mellon Corp lifted its position in AngloGold Ashanti by 9.9% in the fourth quarter. Bank of New York Mellon Corp now owns 599,937 shares of the mining company’s stock valued at $13,847,000 after purchasing an additional 54,096 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of AngloGold Ashanti during the fourth quarter valued at approximately $82,000. Charles Schwab Investment Management Inc. grew its holdings in shares of AngloGold Ashanti by 47.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 381,627 shares of the mining company’s stock worth $8,808,000 after purchasing an additional 122,507 shares during the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of AngloGold Ashanti in the fourth quarter worth $262,000. Institutional investors own 36.09% of the company’s stock.

AngloGold Ashanti Price Performance

Shares of NYSE AU opened at $46.65 on Friday. AngloGold Ashanti PLC has a 1 year low of $22.45 and a 1 year high of $51.11. The stock has a market capitalization of $19.58 billion, a P/E ratio of 15.35 and a beta of 0.48. The company’s 50-day moving average is $44.51 and its 200 day moving average is $36.01. 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 (NYSE:AU) last posted its earnings results on Friday, May 9th. The mining company reported $0.88 earnings per share for the quarter. AngloGold Ashanti had a return on equity of 21.18% and a net margin of 21.09%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.84 billion. On average, sell-side analysts expect that AngloGold Ashanti PLC will post 3.83 earnings per share for the current year.

AngloGold Ashanti Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were paid a $0.125 dividend. The ex-dividend date was Friday, May 30th. This represents a yield of 1.14%. AngloGold Ashanti’s payout ratio is 16.45%.

Analyst Ratings Changes

AU has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of AngloGold Ashanti from $33.00 to $53.00 and gave the company an “overweight” rating in a research report 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. Royal Bank Of Canada raised their target price on AngloGold Ashanti from $39.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, April 4th. Scotiabank boosted their price target on AngloGold Ashanti from $42.00 to $43.50 and gave the company a “sector perform” rating in a report on Monday, May 12th. Finally, HSBC reiterated a “reduce” rating and issued a $35.00 price objective on shares of AngloGold Ashanti in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.42.

AngloGold Ashanti Profile

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.