While AngloGold Ashanti Plc. has underperformed by -2.18%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AU fell by -15.65%, with highs and lows ranging from $30.26 to $14.91, whereas the simple moving average jumped by 23.39% in the last 200 days.
On November 14, 2023, HSBC Securities Upgraded AngloGold Ashanti Plc. (NYSE: AU) to Hold. A report published by Morgan Stanley on October 18, 2023, Downgraded its rating to ‘Equal-Weight’ for AU. JP Morgan March 07, 2022d its ‘Neutral’ rating to ‘Overweight’ for AU, as published in its report on March 07, 2022. BMO Capital Markets’s report from June 02, 2021 suggests a price prediction of $27 for AU shares, giving the stock a ‘Market Perform’ rating. HSBC Securities also rated the stock as ‘Hold’.
Analysis of AngloGold Ashanti Plc. (AU)
AU currently pays a dividend of $0.04 per share, which means investors will get a return regardless of the company’s performance over the next few months.
In order to gain a clear picture of AngloGold Ashanti Plc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -6.02% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.12, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 2.24M can be a very valuable indicator of volatility for AU stock. On a monthly basis, the volatility of the stock is set at 3.95%, whereas on a weekly basis, it is put at 4.66%, with a loss of -0.77% over the past seven days. Furthermore, long-term investors anticipate a median target price of $21.66, showing decline from the present price of $23.29, which can serve as yet another indication of whether AU is worth investing in or should be passed over.
How Do You Analyze AngloGold Ashanti Plc. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As opposed to executive stock, institutional ownership accounts for 31.29% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AU shares are owned by institutional investors to the tune of 31.29% at present.
