AngloGold Ashanti Limited (NYSE:AU) finished Thursday with a subtraction of -$0.1 to close at $18.13, a downside of -0.55 percent. An average of 2,430,100 shares of common stock have been traded in the last five days. There was a fall of -$0.95 in the past week, and it reached a new high 31 times over the past 12 months. The last 20 days have seen an average of 2,125,215 shares traded, while the 50-day average volume stands at 2,266,216.
AU stock has decreased by -16.87% in the last month. The company shares reached their 1-month lowest point of $18.00 on 08/09/23. With the stock rallying to its 52-week high on 05/04/23, shares of the company touched a low of $11.94 and a high of $30.26 in 52 weeks. It has reached a new high 16 times so far this year and lost -6.64% or -$1.29 in price. In spite of this, the price is down -40.10% from the 52-week high.
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Valuation Metrics
AngloGold Ashanti Limited (AU) has a trailing price-to-earnings (P/E) ratio of 25.64. The stock’s beta is 0.69. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.70, the price-to-book (PB) ratio at 1.86, and the price-to-cash flow ratio at 136.98.
The company has a payout ratio of 61.30%. The company’s most recent quarterly dividend payment was $0.1770 a share, representing a down of -39.69% from $0.2935 last year. Its latest decrease dividend $0.1165 reported on Wednesday February 22 2023.
Financial Health
The quick ratio of AngloGold Ashanti Limited for the recent quarter was 1.60, and the current ratio was 2.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.50 and a total debt to equity ratio of 0.53 for the recent quarter. AngloGold Ashanti Limited’s EBITDA margin is 32.81%, while its operating margin for the same period stands at 11.50%. Its gross profit as reported stood at $1.13 billion compared to revenue of $4.5 billion.
Earnings Surprise
The company posted a net income of $316.0 million in the quarter, while revenues were shrunk -207.28%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at AngloGold Ashanti Limited (AU) price momentum. RSI 9-day as of the close on 10 August was 19.75%, suggesting the stock is oversold, with historical volatility in this time frame at 49.43%.
As of today, AU’s price is $18.51 -4.98% or -$0.95 from its 5-day moving average. AU is currently trading -17.96% lower than its 20-day SMA and -12.16% lower than its 100-day SMA. However, the stock’s current price level is -23.18% below the SMA50 and +37.66% above the SMA200.
The stochastic %K and %D were 4.29% and 4.55%, respectively, and the average true range (ATR) was 0.66. With the 14-day stochastic at 2.79% and the average true range at 0.66, the RSI (14) stands at 25.06%. The stock has reached -1.03 on the 9-day MACD Oscillator while the 14-day reading was at -2.05.
Analyst Ratings
Investec downgraded AngloGold Ashanti Limited (NYSE: AU) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for AngloGold Ashanti Limited (AU) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell AU, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 2 others rate it as a “buy”.
What is AU’s price target for the next 12 months?
Analysts predict a range of price targets between $18.45 and $28.00, with a median target of $20.30. Taking a look at these predictions, the average price target given by analysts for AngloGold Ashanti Limited (AU) stock is $22.29.
