New Insights About AngloGold Ashanti Plc. (AU)

AngloGold Ashanti Plc. (NYSE:AU) at last check was buoying at $23.35 on Thursday, April 11, with a rise of 1.37% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $23.04. Company’s P/E ratio for the trailing 12 months is 252.21. Considering stock’s 52-week price range provides that AU hit a high price of $30.26 and saw its price falling to a low level of $14.91 during that period. Over a period of past 1-month, stock came adding 5.35% in its value.

With its current market valuation of $9.80 billion, AngloGold Ashanti Plc. is set to declare its quarterly results on Feb 22, 2024 – Mar 01, 2024. AU Stock’s Forward Dividend of 0.23 and its yield of 0.97% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review AU stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.

Digging deeper we become aware of the PEG ratio of the AU stock which is currently positioned at 13.14. It further provides that stock’s current price level is 5.15% away from its 20-day simple moving average and is 15.77% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 63.25 while volatility remained at 3.96% over the past week which changes to 3.56% when measuring it over the past month. Beta is valued at 0.94, while measure of average true range or ATR is currently at 0.82.

Having a second look at AngloGold Ashanti Plc. (NYSE:AU) provides that stock’s average daily trading volume for 3 months was 2.12 million, while it jumped to 2.35 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 419.69 million.

The figures also indicate that as of Mar 28, 2024, number of stock’s short shares was 6.5 million which implies a short ratio of 2.65. This shows down a 1.55% of Short Interest in company’s outstanding shares on the day. In March the standing of shares short improved as it was 6.6 million in the previous month. Addition of 24.96% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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