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

AngloGold Ashanti Plc (AU) concluded trading on Wednesday at a closing price of $35.52, with 3.53 million shares of worth about $125.25 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.20% during that period and on Wednesday the price saw a gain of about 3.89%. Currently the company’s common shares owned by public are about 503.51M shares, out of which, 502.55M shares are available for trading.

Stock saw a price change of 12.23% in past 5 days and over the past one month there was a price change of 10.34%. Year-to-date (YTD), AU shares are showing a performance of 53.90% which increased to 61.38% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $20.05 but also hit the highest price of $34.75 during that period. The average intraday trading volume for AngloGold Ashanti Plc shares is 2.43 million. The stock is currently trading 12.49% above its 20-day simple moving average (SMA20), while that difference is up 17.88% for SMA50 and it goes to 28.29% higher than SMA200.

AngloGold Ashanti Plc (NYSE: AU) currently have 503.51M outstanding shares and institutions hold larger chunk of about 65.22% of that.

The stock has a current market capitalization of $17.88B and its 3Y-monthly beta is at 0.88. PE ratio of stock for trailing 12 months is 435.29, while it has posted earnings per share of $0.08 in the same period. Its PEG reads 26.46 and has Quick Ratio of 1.44 while making debt-to-equity ratio of 0.32. 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 2.74% while standing at 3.55% over the month.

Analysts are in expectations that AngloGold Ashanti Plc (AU) stock would likely to be making an EPS of 0.78 in the current quarter, while forecast for next quarter EPS is 0.96 and it is 3.87 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.78 which is 0.78 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 78.72% while it is estimated to increase by 0.43% 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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