AngloGold Ashanti Limited (NYSE:AU) saw an upside of 0.18% to close Tuesday at $16.28 after adding $0.03 on the day. The 5-day average trading volume is 2,539,920 shares of the company’s common stock. It has gained $17.28 in the past week and touched a new high 1 time within the past 5 days. An average of 2,268,500 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,282,830.
AU’s 1-month performance is -26.80% or -$6.22 on its low of $15.95 reached on 08/21/23. The company’s shares have touched a 52-week low of $11.94 and high of $30.26, with the stock’s rally to the 52-week high happening on 05/04/23. YTD, AU has lost -16.17% or -$3.14 and has reached a new high 16 times. However, the current price is down -46.21% from the 52-week high price.
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Valuation Metrics
AU stock has a beta of 0.73. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.52 while the price-to-book (PB) in the most recent quarter is 1.69.
AngloGold Ashanti Limited’s quick ratio for the recent period was 1.20, with the current ratio over the same period at 2.20.. In terms of profitability, the gross margin trailing 12 months is 22.30%. The trailing 12-month EBITDA margin is 32.81%. The firm’s gross profit as reported stood at $1.13 billion against revenue of $4.5 billion.
Earnings Surprise
Net income shrunk -207.28% to $316.0 million, while revenue of $0.0 was 100.0% off the previous quarter. AU stock balance sheet for the recent quarter shows that total liabilities totaled 3.86 billion, with total debt at $2.1 billion.
Let’s look briefly at AngloGold Ashanti Limited (AU) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 11.77% to suggest the stock is trending oversold, with historical volatility in this time period at 13.70%.
The stock’s 5-day moving average is $16.46, reflecting a -6.86% or -$1.20 change from its current price. AU is currently trading -27.29% above its 20-day SMA, -28.47% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -32.70% and SMA200 by+27.59%.
Stochastic %K and %D was 6.51% and 3.88% and the average true range (ATR) pointed at 0.49. The RSI (14) points at 17.83%, while the 14-day stochastic is at 9.46% with the period’s ATR at 0.54. The stock’s 9-day MACD Oscillator is pointing at -0.79 and -1.38 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for AngloGold Ashanti Limited (NYSE: AU), Investec downgraded it to a Sell rating. They previously had a Buy rating on the stock. Analysts offering their rating for AU stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate AU as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 3 have offered a “buy” rating.
What is AU’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $18.45 and a high of $28.00, with their median price target at $20.30. Looking at these predictions, the average price target given by analysts is for AngloGold Ashanti Limited (AU) stock is $21.80.
