Look Past The Setbacks And Give AngloGold Ashanti Plc. (NYSE: AU) Another Chance

AngloGold Ashanti Plc. (NYSE:AU) currently has a daily average trading volume of 1.67M but it saw 1897017 shares traded in last market. With a market cap of 13.58B USD, the company’s current market price of $32.36 came rising about 0.84 while comparing to the previous closing price of $32.09. In past 52 weeks, the stock remained buoying in the range of price level as high as $32.34 and as low as $14.91. In the recent trading on the day, stock has struck highest price mark of $31.75 while lowest mark touched by it was $32.56.

Taking a look at 20-day trading activity of AngloGold Ashanti Plc. (AU) gives us an average price of $29.14, while its current price level is 0.06% below from 52-week high level whereas it is 117.04% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $27.35 while that of 200 days or SMA-200 reads an average of $22.05. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.62% during that period while stretching the period over a month that increases to 3.67%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 73.42 which implies that the stock is in overbought territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Scotiabank which downgraded the stock as “Sector Underperform” in its note to investors issued on August 19, 2024, recommending a price target of between $27 and $30 for it.

Over the week, AU’s stock price is moving 4.72% up while it is 15.28% when we observe its performance for the past one month. Year-to-date it is 73.14% up and over the past year, the stock is showing an upside performance of 99.14%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.3 beat the consensus estimate of 0.3 for the same. The company is expected to be releasing its next quarterly report on 2024-Aug-06, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 2.57.

Currently, AngloGold Ashanti Plc.’s total number of outstanding shares is 419.73M with 0.09% of that held by the insiders while 68.63% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 0.60% and return on equity (ROE) at 0.90%. It has a price to earnings ratio (P/E ratio) of 396.57 while having a 10.12 of forward P/E ratio. Stock’s beta reads 0.98. Stock has a price to book (P/B) ratio of 3.43 while price to sale or P/S ratio amounts to 2.74. Its return on asset (ROA) is 0.44% on average.