AngloGold Ashanti Plc. (NYSE: AU) has seen a rise in its stock price by 0.65 in relation to its previous close of 17.01. However, the company has experienced a 2.88% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-11-14 that AngloGold Ashanti (AU) reaffirms its 2023 gold production guidance.
Is It Worth Investing in AngloGold Ashanti Plc. (NYSE: AU) Right Now?
The price-to-earnings ratio for AngloGold Ashanti Plc. (NYSE: AU) is above average at 184.88x, while the 36-month beta value is 0.70.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The average price point forecasted by analysts for AngloGold Ashanti Plc. (AU) is $19.71, which is $2.59 above the current market price. The public float for AU is 419.69M, and currently, short sellers hold a 1.32% ratio of that floaft. The average trading volume of AU on November 17, 2023 was 2.65M shares.
AU’s Market Performance
The stock of AngloGold Ashanti Plc. (AU) has seen a 2.88% increase in the past week, with a -9.18% drop in the past month, and a 5.29% gain in the past quarter. The volatility ratio for the week is 3.97%, and the volatility levels for the past 30 days are at 3.97% for AU. The simple moving average for the past 20 days is -5.48% for AU’s stock, with a -17.70% simple moving average for the past 200 days.
AU Trading at -3.32% from the 50-Day Moving Average
After a stumble in the market that brought AU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -43.43% of loss for the given period.
Volatility was left at 3.97%, however, over the last 30 days, the volatility rate increased by 3.97%, as shares sank -9.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.88% upper at present.
During the last 5 trading sessions, AU rose by +2.88%, which changed the moving average for the period of 200-days by -19.09% in comparison to the 20-day moving average, which settled at $18.03. In addition, AngloGold Ashanti Plc. saw -11.84% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for AU
Equity return is now at value 0.94, with 0.48 for asset returns.
Conclusion
In a nutshell, AngloGold Ashanti Plc. (AU) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
