The trading price of AngloGold Ashanti Limited (NYSE:AU) floating lower at last check on Wednesday, May 24, closing at $23.87, -0.51% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $23.82 and $24.24. The company’s P/E ratio in the trailing 12-month period was 33.93, while its 5Y monthly beta was 0.35. In examining the 52-week price action we see that the stock hit a 52-week high of $30.26 and a 52-week low of $11.94. Over the past month, the stock has lost -11.00% in value.
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AngloGold Ashanti Limited, whose market valuation is $10.11 billion at the time of this writing. The dividend yield on the company stock is 1.94%, while its Forward Dividend ratio is 0.47. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of AngloGold Ashanti Limited No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest AU has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned AU a recommendation rating is 11. Out of them, 6 rate it a Hold, while 3 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged AngloGold Ashanti Limited (AU) as Underweight, while 2 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 2.90, which symbolizes a positive outlook. A quick review shows that AU’s price is currently -9.28% off the SMA20 and -4.92% off the SMA50. The RSI metric on the 14-day chart is currently showing 34.57, and weekly volatility stands at 2.12%. When measured over the past 30 days, the indicator reaches 2.70%. AngloGold Ashanti Limited (NYSE:AU)’s beta value is currently sitting at 0.71, while the Average True Range indicator is currently displaying 0.79. With analysts defining $15.41-$29.50 as the low and high price targets, we arrive at a consensus price target of $23.38 for the trailing 12-month period. The current price is about 35.44% off the estimated low and -23.59% off the forecast high, based on this estimate. Investors will be thrilled if AU’s share price rises to $22.50, which is the median consensus price. At that level, AU’s share price would be 5.74% above current price.
To see how AngloGold Ashanti Limited stock has been performing today in comparison to its peers in the industry, here are the numbers: AU stock’s performance was -0.51% at last check in today’s session, and 34.55% in the past year, while Kellogg Company (K) has been trading 0.31% in recent session and positioned 0.40% higher than it was a year ago. Another comparable company Barrick Gold Corporation (GOLD) saw its stock trading -0.68% lower in today’s session but was down -13.72% in a year. Furthermore, Gold Fields Limited (GFI) showed a decrease of -1.00% today while its price kept inclining at 27.48% over the past year. AngloGold Ashanti Limited has a P/E ratio of 33.93, compared to Kellogg Company’s 24.42 and Barrick Gold Corporation’s 290.98. Also during today’s trading, the S&P 500 Index has plunged -0.72%, while the Dow Jones Industrial also saw a negative session, down -0.61% today.
An evaluation of the daily trading volume of AngloGold Ashanti Limited (NYSE:AU) indicates that the 3-month average is 3.54 million. However, this figure has increased over the past 10 days to an average of 2.94 million.
Currently, records show that 420.40 million of the company’s shares remain outstanding. The insiders hold 3.10% of outstanding shares, whereas institutions hold 27.10%. The stats also highlight that short interest as of Apr 27, 2023, stood at 7.13 million shares, resulting in a short ratio of 1.97 at that time. From this, we can conclude that short interest is 1.70% of the company’s total outstanding shares. It is noteworthy that short shares in April were down slightly from the previous month’s figure, which was 9.47 million. However, since the stock’s price has seen 22.91% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.