The stock price of AngloGold Ashanti Plc. (NYSE: AU) has surged by 2.07 when compared to previous closing price of 22.17, but the company has seen a 6.04% gain in its stock price over the last five trading sessions. The Motley Fool reported 2024-03-08 that The price of gold hit a record high this week. AngloGold Ashanti is one of the largest gold producers based on market cap.
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 244.38x. The 36-month beta value for AU is also noteworthy at 0.95. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for AU is 419.69M, and at present, short sellers hold a 1.78% of that float. The average trading volume of AU on April 02, 2024 was 1.98M shares.
AU’s Market Performance
The stock of AngloGold Ashanti Plc. (AU) has seen a 6.04% increase in the past week, with a 16.05% rise in the past month, and a 21.08% gain in the past quarter. The volatility ratio for the week is 3.37%, and the volatility levels for the past 30 days are at 3.53% for AU. The simple moving average for the past 20 days is 3.97% for AU’s stock, with a 20.07% simple moving average for the past 200 days.
AU Trading at 17.28% 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 -25.23% of loss for the given period.
Volatility was left at 3.53%, however, over the last 30 days, the volatility rate increased by 3.37%, as shares surge +7.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +39.43% upper at present.
During the last 5 trading sessions, AU rose by +6.04%, which changed the moving average for the period of 200-days by -6.37% in comparison to the 20-day moving average, which settled at $21.84. In addition, AngloGold Ashanti Plc. saw 21.08% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for AU
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.22 for the gross margin
The net margin for AngloGold Ashanti Plc. stands at 0.01. The total capital return value is set at 0.05. Equity return is now at value 0.94, with 0.48 for asset returns.
Based on AngloGold Ashanti Plc. (AU), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 0.52. The interest coverage ratio of the stock is 4.51.
Currently, EBITDA for the company is 962.0 million with net debt to EBITDA at 1.37. When we switch over and look at the enterprise to sales, we see a ratio of 3.23. The receivables turnover for the company is 10.6for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.18.
Conclusion
In summary, AngloGold Ashanti Plc. (AU) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
