AngloGold Ashanti Plc (NYSE: AU): Do Not Miss The Gain Train

AngloGold Ashanti Plc (AU) concluded trading on Thursday at a closing price of $25.75, with 6.02 million shares of worth about $154.92 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.89% during that period and on December 12, 2024 the price saw a loss of about -5.16%. Currently the company’s common shares owned by public are about 420.70M shares, out of which, 419.73M shares are available for trading.

Stock saw a price change of 0.39% in past 5 days and over the past one month there was a price change of 4.55%. Year-to-date (YTD), AU shares are showing a performance of 37.77% which increased to 52.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.80 but also hit the highest price of $32.57 during that period. The average intraday trading volume for AngloGold Ashanti Plc shares is 3.13 million. The stock is currently trading 2.05% above its 20-day simple moving average (SMA20), while that difference is down -3.49% for SMA50 and it goes to -0.43% lower than SMA200.

AngloGold Ashanti Plc (NYSE: AU) currently have 420.70M outstanding shares and institutions hold larger chunk of about 90.73% of that.

The stock has a current market capitalization of $10.83B and its 3Y-monthly beta is at 0.93. PE ratio of stock for trailing 12 months is 315.56, while it has posted earnings per share of $0.08 in the same period. Its PEG reads 16.44 and has Quick Ratio of 1.14 while making debt-to-equity ratio of 0.56. 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 2.94% while standing at 2.78% over the month.

Stock’s fiscal year EPS is expected to rise by 2501.93% while it is estimated to increase by 43.79% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by RBC Capital Mkts on December 03, 2024 offering an Outperform rating for the stock and assigned a target price of $31 to it. On October 18, 2024, Investec Upgrade their recommendations, while on August 19, 2024, Scotiabank Downgrade their ratings for the stock with a price target of $30. Stock get a Reduce rating from HSBC Securities on April 19, 2024.

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