While AngloGold Ashanti Plc. has underperformed by -0.85%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AU fell by -17.30%, with highs and lows ranging from $28.87 to $14.91, whereas the simple moving average jumped by 22.90% in the last 200 days.
On April 19, 2024, HSBC Securities Downgraded AngloGold Ashanti Plc. (NYSE: AU) to Reduce. A report published by HSBC Securities on November 14, 2023, Upgraded its rating to ‘Hold’ for AU. Investec September 30, 2022d its ‘Buy’ rating to ‘Sell’ for AU, as published in its report on September 30, 2022. JP Morgan’s report from March 07, 2022 suggests a price prediction of $24.20 for AU shares, giving the stock a ‘Overweight’ rating. BMO Capital Markets also rated the stock as ‘Market Perform’.
Analysis of AngloGold Ashanti Plc. (AU)
A return on investment can be expected regardless of AU’s performance over the next quarter with the dividend set at $0.04 per share.
To gain a thorough understanding of AngloGold Ashanti Plc.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -8.04% 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and AU is recording an average volume of 2.42M. On a monthly basis, the volatility of the stock is set at 3.47%, whereas on a weekly basis, it is put at 2.57%, with a loss of -0.38% over the past seven days. Furthermore, long-term investors anticipate a median target price of $23.24, showing decline from the present price of $23.37, 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?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As opposed to executive stock, institutional ownership accounts for 33.16% 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 33.16% at present.
