Is AngloGold Ashanti Plc. (NYSE: AU) Proving The Doubters Wrong?

AngloGold Ashanti Plc. (AU) concluded trading on December 20, 2023 at a closing price of $18.34, with 4.0 million shares of worth about $73.32 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -19.06% during that period and On Wednesday the price saw a loss of about -2.60%. Currently the company’s common shares owned by public are about 419.69M shares, out of which, 419.69M shares are available for trading.

VanEck Gold Miners ETF, Government Pension Fund – Global, and BlackRock Global Funds – World Go are the top 3 mutual funds which are holding stakes in AngloGold Ashanti Plc. VanEck Gold Miners ETF is currently holding 23.79 million shares of worth totaling $457.38 million. The company recently came buying 0.0 shares which brought its stake up to 5.67% of the company’s outstanding shares. Government Pension Fund – Global bought 2.86 million shares, after which its hold over company’s outstanding shares expand to 1.97%, leaving 8.26 million shares with the mutual fund that have a worth of about $158.86 million. BlackRock Global Funds – World Go, after buying 5.86 million shares, have now control over 1.40% of the stake in the company. It holds 1.89 million shares of worth $112.59 million.

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However, the stock later moved at a day high price of 18.93, or with a loss of -2.60%. Stock saw a price change of 4.56% in past 5 days and over the past one month there was a price change of 7.88%. Year-to-date (YTD), AU shares are showing a performance of -5.56% which decreased to -2.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.91 but also hit the highest price of $30.26 during that period. The average intraday trading volume for AngloGold Ashanti Plc. shares is 2.74 million. The stock is currently trading 0.47% above its 20-day simple moving average (SMA20), while that difference is up 0.74% for SMA50 and it goes to -11.56% lower than SMA200.

AngloGold Ashanti Plc. (NYSE: AU) currently have 419.69M outstanding shares and institutions hold larger chunk of about 23.26% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.

The stock has a current market capitalization of $7.70B and its 3Y-monthly beta is at 0.92. PE ratio of stock for trailing 12 months is 198.06, while it has posted earnings per share of $0.09 in the same period. Its PEG reads 10.32 and has Quick Ratio of 1.24 while making debt-to-equity ratio of 0.52. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AU, volatility over the week remained 4.31% while standing at 4.12% over the month.

Analysts are in expectations that AngloGold Ashanti Plc. (AU) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 0.80% while it is estimated to increase by 39.32% in next year.

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