The stock of AngloGold Ashanti Plc. (NYSE: AU) has increased by 0.92 when compared to last closing price of 31.53. Despite this, the company has experienced a 3.38% gain in its stock price over the last five trading sessions. benzinga.com reported 2024-08-19 that As of Aug 19, 2024, three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
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 389.95x, Company’s 36-month beta value is 0.98.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for AU is 419.05M, and currently, short sellers hold a 1.05% ratio of that floaft. The average trading volume of AU on August 20, 2024 was 1.67M shares.
AU’s Market Performance
The stock of AngloGold Ashanti Plc. (AU) has seen a 3.38% increase in the past week, with a 12.92% rise in the past month, and a 23.05% gain in the past quarter. The volatility ratio for the week is 3.60%, and the volatility levels for the past 30 days are at 3.65% for AU. The simple moving average for the last 20 days is 10.87% for AU stock, with a simple moving average of 45.26% for the last 200 days.
Analysts’ Opinion of AU
Many brokerage firms have already submitted their reports for AU stocks, with Scotiabank repeating the rating for AU by listing it as a “Sector Underperform.” The predicted price for AU in the upcoming period, according to Scotiabank is $30 based on the research report published on August 19, 2024 of the current year 2024.
AU Trading at 17.98% 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 able to rebound, for now settling with 0.44% of gains for the given period.
Volatility was left at 3.65%, however, over the last 30 days, the volatility rate increased by 3.60%, as shares surge +13.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +39.70% upper at present.
During the last 5 trading sessions, AU rose by +3.80%, which changed the moving average for the period of 200-days by +84.04% in comparison to the 20-day moving average, which settled at $28.89. In addition, AngloGold Ashanti Plc. saw 70.25% 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:
- 0.18 for the present operating margin
- 0.27 for the gross margin
The net margin for AngloGold Ashanti Plc. stands at 0.01. The total capital return value is set at 0.18. Equity return is now at value 0.90, with 0.44 for asset returns.
Based on AngloGold Ashanti Plc. (AU), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.91.
Currently, EBITDA for the company is 1.17 billion with net debt to EBITDA at 0.57. When we switch over and look at the enterprise to sales, we see a ratio of 1.97. The receivables turnover for the company is 51.19for trailing twelve months and the total asset turnover is 0.89. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.83.
Conclusion
In a nutshell, AngloGold Ashanti Plc. (AU) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
