With 419.73M Outstanding Shares, Can AngloGold Ashanti Plc (NYSE: AU) Deliver Big Short-Term Gains?

AngloGold Ashanti Plc (NYSE:AU) currently has a daily average trading volume of 2.19M but it saw 3019073 shares traded in last market. With a market cap of 11.60B USD, the company’s current market price of $27.57 came rising about 5.03 while comparing to the previous closing price of $26.25. In past 52 weeks, the stock remained buoying in the range of price level as high as $32.57 and as low as $15.60. In the recent trading on the day, stock has struck highest price mark of $27.15 while lowest mark touched by it was $28.14.

Taking a look at 20-day trading activity of AngloGold Ashanti Plc (AU) gives us an average price of $28.56, while its current price level is -15.35% below from 52-week high level whereas it is 76.73% 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 $28.11 while that of 200 days or SMA-200 reads an average of $24.96. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.42% during that period while stretching the period over a month that decreases to 2.79%. 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 46.48 which implies that the stock is in neutral territory.

Scotiabank downgraded its recommendation for the stock as a “Sector Underperform” from “Sector Perform” on August 19, 2024 while assigning a price target range of $27-$30.

Over the week, AU’s stock price is moving -0.83% down while it is 6.65% when we observe its performance for the past one month. Year-to-date it is 47.51% up and over the past year, the stock is showing an upside performance of 46.88%.

Currently, AngloGold Ashanti Plc’s total number of outstanding shares is 419.73M. 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 337.87 while having a 7.12 of forward P/E ratio. Stock’s beta reads 0.98. Stock has a price to book (P/B) ratio of 2.92 while price to sale or P/S ratio amounts to 2.34. Its return on asset (ROA) is 0.44% on average.