AngloGold Ashanti Limited (NYSE: AU) is -6.45% lower on its value in year-to-date trading and has touched a low of $12.66 and a high of $38.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AU stock was last observed hovering at around $20.83 in the last trading session, with the day’s gains setting it 0.33% off its average median price target of $29.96 for the next 12 months. It is also 39.54% off the consensus price target high of $35.00 offered by 14 analysts, but current levels are -6.76% lower than the price target low of $19.82 for the same period.
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Currently trading at $21.16, the stock is -8.45% and -8.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.74 million and changing 1.58% at the moment leaves the stock -19.02% off its SMA200. AU registered -4.38% loss for a year compared to 6-month loss of -26.68%. The firm has a 50-day simple moving average (SMA 50) of $23.27 and a 200-day simple moving average (SMA200) of $25.02.
The stock witnessed a -9.77% gain in the last 1 month and extending the period to 3 months gives it a -6.00%, and is -11.80% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.56% over the week and 3.13% over the month.
AngloGold Ashanti Limited (AU) has around 34263 employees, a market worth around $8.71B and $3.66B in sales. Current P/E ratio is 14.03 and Fwd P/E is 6.87. Profit margin for the company is 8.10%. Distance from 52-week low is 67.14% and -45.04% from its 52-week high. The company has generated returns on investments over the last 12 months (7.70%).
AngloGold Ashanti Limited (AU) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for AngloGold Ashanti Limited (AU) is a “Overweight”. 14 analysts offering their recommendations for the stock have an average rating of 2.30, where 6 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
AngloGold Ashanti Limited is expected to release its quarterly report on 05/10/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 68.10% this year, but quarterly earnings will post 25.60% year-over-year.
AngloGold Ashanti Limited (AU) Top Institutional Holders
296 institutions hold shares in AngloGold Ashanti Limited (AU), with institutional investors hold 32.15% of the company’s shares. The shares outstanding are 418.50M, and float is at 412.72M with Short Float at 0.89%. Institutions hold 32.15% of the Float.
The top institutional shareholder in the company is Van Eck Associates Corporation with over 26.43 million shares valued at $597.89 million. The investor’s holdings represent 16.59% of the AU Shares outstanding. As of Dec 30, 2020, the second largest holder is Capital International Investors with 8.14 million shares valued at $184.23 million to account for 5.11% of the shares outstanding. The other top investors are Blackrock Inc. which holds 7.53 million shares representing 4.72% and valued at over $170.3 million, while Paulson & Company, Inc. holds 3.75% of the shares totaling 5.97 million with a market value of $135.14 million.
AngloGold Ashanti Limited (AU): Who are the competitors?
The company’s main competitors (and peers) include Kellogg Company (K) that is trading -9.55% down over the past 12 months. Gold Fields Limited (GFI) is 21.18% up on the 1-year trading charts. Short interest in the company’s stock has risen 50.14% from the last report on Dec 30, 2020 to stand at a total of 1.82 million short shares sold with a short interest ratio of 1.19.