Volatility Is Your Friend: AngloGold Ashanti Plc. (AU) Is Hot Again

AngloGold Ashanti Plc. (NYSE:AU) does about 2.11M shares in volume on a normal day but saw 1191377 shares change hands in Tuesday trading. The company now has a market cap of 10.71B USD. Its current market price is $25.52, marking an increase of 1.63% compared to the previous close of $25.11. The 52 week high reached by this stock is $26.01 whilst the lowest price level in 52 weeks is $14.91.

AngloGold Ashanti Plc. (AU) has a 20-day trading average at $23.75 and the current price is -1.88% off the 52-week high compared with 71.16% distance from its 52-week low. The 50-day simple moving average of the closing price is $23.88 and its 200-day simple moving average is $20.13. If we look at the stock’s price movements over the week, volatility stands at 2.24%, which increases to 2.71% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 63.02 to suggest the stock is neutral.

The consensus objective for the share price is $26.50, suggesting that the stock has a potential upside of 3.7% over the period.

AngloGold Ashanti Plc. (AU) stock is up 5.59% over the week and 5.50% over the past month. Its price is 36.54% year-to-date and 21.01% over the past year.

The stock last released its quarterly earnings report for quarter ended 6/30/2022, with the company’s earnings per share (EPS) of 0.39 below consensus estimates by -0.89. The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

To reach the target analysts have set, the stock logically needs to grow 3.7 percent from here.

The company has a return on investment of -5.38% and return on equity of -8.04%. The forward price to earnings ratio is 7.53. The beta has a value of 0.92. Price to book ratio is 2.89 and price to sales ratio is 2.34.