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AngloGold Ashanti Limited (AU) – Don’t Believe the Hype: Check The Facts

298 institutions hold shares in AngloGold Ashanti Limited (AU), with institutional investors hold 31.27% of the company’s shares. The shares outstanding are 418.50M, and float is at 412.82M with Short Float at 0.75%. Institutions hold 31.27% of the Float.

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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 6.33% 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 (NYSE: AU) is -0.80% lower on its value in year-to-date trading and has touched a low of $19.55 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 $22.01 in the last trading session, with the day’s gains setting it 0.43% off its average median price target of $25.24 for the next 12 months. It is also 32.45% off the consensus price target high of $33.22 offered by 14 analysts, but current levels are -4.03% lower than the price target low of $21.57 for the same period.

Currently trading at $22.44, the stock is 3.46% and 2.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.82 million and changing 1.95% at the moment leaves the stock -11.43% off its SMA200. AU registered -1.97% loss for a year compared to 6-month loss of -19.77%. The firm has a 50-day simple moving average (SMA 50) of $21.49 and a 200-day simple moving average (SMA200) of $23.42.

The stock witnessed a 0.18% gain in the last 1 month and extending the period to 3 months gives it a -2.35%, and is 1.72% 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 2.85% over the week and 3.29% over the month.

AngloGold Ashanti Limited (AU) has around 34263 employees, a market worth around $9.04B and $4.43B in sales. Current P/E ratio is 9.94 and Fwd P/E is 8.67. Distance from 52-week low is 14.79% and -41.71% 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 08/05/2021 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.

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AngloGold Ashanti Limited (AU): Who are the competitors?

The company’s main competitors (and peers) include Kellogg Company (K) that is trading -1.22% down over the past 12 months. Gold Fields Limited (GFI) is 50.52% up on the 1-year trading charts. Short interest in the company’s stock has risen 23.89% from the last report on Mar 30, 2021 to stand at a total of 3.09 million short shares sold with a short interest ratio of 0.79.

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