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AngloGold Ashanti Limited (NYSE: AU) Yet To Convince Analysts?

AngloGold Ashanti Limited (NYSE:AU) traded at $21.99 at close of the session on Tuesday, 01/24/23, made a downward move of -2.53% on its previous day’s price.

Looking at the stock we see that its previous close was $22.56 and the beta (5Y monthly) reads 0.02 with the day’s price range being $21.50 – $22.35. The company has a trailing 12-month PE ratio of 16.57. In terms of its 52-week price range, AU has a high of $26.96 and a low of $11.94. The company’s stock has gained about 12.25% over that past 30 days.

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AngloGold Ashanti Limited has a market cap of $9.05 billion. With its Forward Dividend at 0.49 and a yield of 2.25%, the company’s investors could be anxious for the AU stock to gain ahead of the earnings release.

According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $4.03 billion, or -9.00% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the AU stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.

Based on estimates by 11 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the AngloGold Ashanti Limited (AU) stock as a Hold, while 5 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the AU stock currently stands at 1.07, and the current price level is 3.83% off its SMA20 and 13.17% from its 50-day simple moving average. The RSI (14) is pointing at 60.96 while the volatility over the past week is 3.10% and jumps to 2.75% over the past one month. The beta value is 0.63, while the average true range (ATR) is currently pointing at 0.72. The average price target for the stock over the next 12 months is $21.57, with the estimates having a low of $16.00 and a high of $26.22. These price ends are 27.24% and -19.24% off the current price level respectively, although investors could be excited at the prospect of a -0.55% if the AU share price touches on the median price of $22.11.

Let’s briefly compare AngloGold Ashanti Limited (AU) stock to its peers. We find that current price change of -2.53% and 8.59% over the past 12 months for AU competes that of Kellogg Company (K), which has seen its stock price rise 0.56% in the last trading session and was 1.59% over the last one year. Another of its peers Barrick Gold Corporation (GOLD) has gained 0.99% previous session, and was 1.88% up over the past year, while Gold Fields Limited (GFI) was also down -0.33% in the last session, while its price remained in the green at 11.44% over the same period. AngloGold Ashanti Limited has a P/E ratio of 16.57 compared to Kellogg Company’s 15.59 and Barrick Gold Corporation’s 18.23. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.07% and 0.31%, respectively, at close of the trading.

Coming back to AngloGold Ashanti Limited (NYSE:AU), we note that the average 3-month trading volume was 2.91 million, while that of the preceding 10-day period stands at 2.81 million. Current shares outstanding are 419.99 million.

The insiders hold 3.10% of the company’s shares while institutions hold 27.10%. The data shows that short shares as of Oct 13, 2022, stood at 6.16 million at a short ratio of 1.87. This represents a 1.47% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 6.6 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 13.23% up in year-to-date price movement.

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