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AngloGold Ashanti Limited (NYSE: AU) Becomes The New Buzzing Stock: Sports A Monthly Volatility Of 2.66%

Edison Carroll Edison by Edison Carroll Edison
January 24, 2023
in Business
0

AngloGold Ashanti Limited (NYSE:AU) does about 2.93M shares in volume on a normal day but saw 2676836 shares change hands in Monday trading. The company now has a market cap of 9.29B USD. Its current market price is $22.56, marking a decrease of -0.22% compared to the previous close of $22.61. The 52 week high reached by this stock is $26.96 whilst the lowest price level in 52 weeks is $11.94. The script in recent trading has seen the stock touch a high of $22.73 and a low of $21.97.

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AngloGold Ashanti Limited (AU) has a 20-day trading average at $21.18 and the current price is -16.32% off the 52-week high compared with 88.94% distance from its 52-week low. The 50-day simple moving average of the closing price is $19.43 and its 200-day simple moving average is $16.78. If we look at the stock’s price movements over the week, volatility stands at 2.90%, which decreases to 2.66% 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 68.42 to suggest the stock is neutral.

11 analysts observing the AngloGold Ashanti Limited (AU) stock have set the 12-month price targets for the company’s shares at between $16.00 and $26.22. The consensus objective for the share price is $20.62, suggesting that the stock has a potential downside of -9.41% over the period. The median price target is -2.04% away from the current levels at $22.11.

FactSet Research has provided data showing that 11 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 1 advise that it is a overweight. 5 analysts have rated it as a buy and 5 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.

JP Morgan upgraded the stock to “Overweight” from Neutral on March 07, 2022 at a price target of $22.20-$24.20. BMO Capital Markets downgraded its price target at $30-$27.

The current price level is 7.27%, 16.86%, and 34.39% away from its SMA20, SMA50, and SMA200 respectively, with the AU price moving above the 50-day SMA on January 23. AngloGold Ashanti Limited (AU) stock is down -2.67% over the week and 17.81% over the past month. Its price is 16.17% year-to-date and 9.04% over the past year.

The stock last released its quarterly earnings report for quarter ended 6/29/2021, with the company’s earnings per share (EPS) of $0.39 below consensus estimates by -$0.51. The company’s next earnings report is expected on 05/12/2023.

Its 12-month price target is $22.11. To reach the target analysts have set, the stock logically needs to shrink -9.41 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $16.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $26.22.

Outstanding shares total 419.99M with insiders holding 0.00% of the shares and institutional holders owning 26.81% of the company’s common stock. The company has a return on investment of 8.10% and return on equity of 14.20%. The price to earnings ratio (P/E ratio) amounts to 17.00 while the forward price to earnings ratio is 16.00. The beta has a value of 0.63. Price to book ratio is 2.23 and price to sales ratio is 2.20.

According to a U.S. Securities and Exchange Commission filing, VanEck Gold Miners ETF has added its position in AngloGold Ashanti Limited (AU) to 21,759,321 shares, mirroring a recent increase by 0.31%. VanEck Gold Miners ETF added 67756.0 shares of AngloGold Ashanti Limited common stock bringing its total worth to about $422.57 million at the end of recent close, SEC documents show. VanEck Gold Miners ETF isn’t the only investment manager who changed stakes and is followed by T Rowe Price Mid Cap Value Fund, which sold off -3.05 million shares to end up with 3,109,000 shares worth $60.38 million.

Tags: AngloGold Ashanti LimitedAUAU stockNYSE:AU
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