AngloGold Ashanti Plc (NYSE: AU) Hogging The Spotlight Today

Currently, there are 503.51M common shares owned by the public and among those 502.55M shares have been available to trade.

The company’s stock has a 5-day price change of 5.22% and 61.07% over the past three months. AU shares are trading 62.39% year to date (YTD), with the 12-month market performance up to 68.83% higher. It has a 12-month low price of $21.65 and touched a high of $38.16 over the same period. AU has an average intraday trading volume of 2.55 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.04%, 17.12%, and 32.62% respectively.

Institutional ownership of AngloGold Ashanti Plc (NYSE: AU) shares accounts for 65.27% of the company’s 503.51M shares outstanding.

It has a market capitalization of $18.87B and a beta (3y monthly) value of 0.83. The stock’s trailing 12-month PE ratio is 459.31, while the earnings-per-share (ttm) stands at $0.08. The company has a PEG of 24.94 and a Quick Ratio of 1.44 with the debt-to-equity ratio at 0.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.62% over the week and 2.99% over the month.

Earnings per share for the fiscal year are expected to increase by 83.60%, and 0.90% over the next financial year.

Looking at the support for the AU, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Outperform rating for the stock in a research note on December 03, 2024, with the firm’s price target at $31. Investec was of a view on October 18, 2024 that the stock is Buy, while Scotiabank gave the stock Sector Underperform rating on August 19, 2024, issuing a price target of $27- $30. HSBC Securities on their part issued Reduce rating on April 19, 2024.

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