AngloGold Ashanti Limited (AU) Is A Stock You Should Watch

As of Friday close, AngloGold Ashanti Limited’s (NYSE:AU) stock was up $0.88, moving up 5.41 percent to $17.15. The average number of shares traded per day over the past five days has been 3,589,640 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.07 fall in that time frame. In the last twenty days, the average volume was 2,817,815, while in the previous 50 days, it was 3,445,090.

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Since last month, AU stock retreated -28.21%. Shares of the company fell to $15.87 on 05/12/22, the lowest level in the past month. A 52-week high of $26.96 was reached on 03/08/22 after having rallying from a 52-week low of $14.57. Since the beginning of this year, AU’s stock price has dropped by -18.26% or -$3.83, and marked a new high 15 times. However, the stock has declined by -36.39% since its 52-week high.

Valuation Metrics

Right now, AngloGold Ashanti Limited (AU) has a P/E ratio of about 11.58. The stock’s beta is 0.63. Besides these, the trailing price-to-sales (P/S) ratio of 1.94, the price-to-book (PB) ratio of 1.80, and the price-to-cash flow ratio of 12.27 may also be considered.

The latest dividend of $0.144610 per share was paid out, which is -72.47% less than last year’s $0.5252. On Thursday February 24 2022, a $0.380590 dividend decrease was announced.

Financial Health

In the three months ended June 29, AngloGold Ashanti Limited’s quick ratio stood at 1.80, while its current ratio was 2.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.49, and the total debt-to-equity ratio was 0.52. On the profitability front, the trailing twelve-month gross margin is 29.10% percent. In the year ended June 29, EBITDA margin amounted to 32.89%, whereas operating margins totaled 20.10%. Based on annual data, AU earned $1.17 billion in gross profit and brought in $4.03 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.20%. Return on equity (ROE) for the past 12 months was 16.40%.

AU’s revenue rose 19.92% during the quarter, while net income inched up to $4.41 billion. While analysts expected AngloGold Ashanti Limited to report $0.9 quarterly earnings, the actual figure was $0.39 per share, beating the consensus estimate by -56.70%. The liabilities of AngloGold Ashanti Limited were 3.8 billion at the end of its most recent quarter ended June 29, and its total debt was $2.1 billion.

Technical Picture

This quick technical analysis looks at AngloGold Ashanti Limited’s (AU) price momentum. With a historical volatility rate of 64.51%, the RSI 9-day stood at 28.97% on 13 May.

With respect to its five-day moving average, the current AngloGold Ashanti Limited price is down by -10.77% percent or -$2.07. At present, AU shares trade -27.58% below its 20-day simple moving average and -14.72% percent below its 100-day simple moving average. However, the stock is currently trading approximately -28.09% below its SMA50 and -15.56% below its SMA200.

Stochastic coefficient K was 11.62% and Stochastic coefficient D was 7.40%, while ATR was 1.04. Given the Stochastic reading of 22.82% for the 14-day period, the RSI (14) reading has been calculated as 30.33%. As of today, the MACD Oscillator reading stands at -1.63, while the 14-day reading stands at -2.32.

Analyst Ratings

JP Morgan upgraded its rating on AngloGold Ashanti Limited (NYSE: AU) to an Overweight in a note to investors on March 07, 2022. The analysts firm previously had a Neutral rating on the stock.AngloGold Ashanti Limited (AU) has been rated Overweight by analysts. According to 1 brokerage firm, AU is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate AngloGold Ashanti Limited stock as buy, with 4 recommending it as overweight.

With a median target price of $24.42, the current consensus forecast for the stock is $19.62 – $27.00. Based on these forecasts, analysts predict AngloGold Ashanti Limited (AU) will achieve an average price target of $24.49.


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