AngloGold Ashanti Limited (NYSE: AU) is -4.33% lower on its value in year-to-date trading and has touched a low of $16.00 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 $22.29 in the last trading session, with the day’s loss setting it -0.65% off its average median price target of $26.06 for the next 12 months. It is also 35.07% off the consensus price target high of $33.33 offered by 14 analysts, but current levels are -9.18% lower than the price target low of $19.82 for the same period.
Currently trading at $21.64, the stock is -0.01% and -2.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.43 million and changing -2.92% at the moment leaves the stock -15.51% off its SMA200. AU registered 20.62% gain for a year compared to 6-month loss of -16.19%. The firm has a 50-day simple moving average (SMA 50) of $21.76 and a 200-day simple moving average (SMA200) of $23.65.
The stock witnessed a 8.91% gain in the last 1 month and extending the period to 3 months gives it a -5.13%, and is 3.59% up 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 4.06% over the week and 3.48% over the month.
AngloGold Ashanti Limited (AU) has around 34263 employees, a market worth around $8.46B and $4.43B in sales. Current P/E ratio is 9.58 and Fwd P/E is 7.98. Distance from 52-week low is 35.25% and -43.79% 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 2.50, where 7 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 1 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
299 institutions hold shares in AngloGold Ashanti Limited (AU), with institutional investors hold 31.18% of the company’s shares. The shares outstanding are 418.50M, and float is at 412.79M with Short Float at 1.35%. Institutions hold 31.18% 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 6.34% 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 1.95% of the shares outstanding. The other top investors are Blackrock Inc. which holds 7.53 million shares representing 1.80% and valued at over $170.3 million, while Paulson & Company, Inc. holds 1.43% 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 4.68% up over the past 12 months and Barrick Gold Corporation (GOLD) that is 1.14% higher over the same period. Gold Fields Limited (GFI) is 88.64% up on the 1-year trading charts. Short interest in the company’s stock has risen 23.3% from the last report on Feb 11, 2021 to stand at a total of 4.28 million short shares sold with a short interest ratio of 1.63.