Investec lifts AngloGold Ashanti Limited [AU] price estimate. Who else is bullish?

AngloGold Ashanti Limited [NYSE: AU] jumped around 0.9 points on Tuesday, while shares priced at $25.38 at the close of the session, up 3.68%. The company report on March 6, 2023 that Latin Metals Provides Update on AngloGold Ashanti Exploration Activities.

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AngloGold Ashanti Limited stock is now 30.69% up from its year-to-date (YTD) trading value. AU Stock saw the intraday high of $25.58 and lowest of $24.42 per share. The company’s 52-week high price is 24.97, which means current price is +53.73% above from all time high which was touched on 04/04/23.

Compared to the average trading volume of 3.30M shares, AU reached a trading volume of 3810406 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about AngloGold Ashanti Limited [AU]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AU shares is $20.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AU stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Investec have made an estimate for AngloGold Ashanti Limited shares, keeping their opinion on the stock as Sell, with their previous recommendation back on September 30, 2022. While these analysts kept the previous recommendation, JP Morgan raised their target price from $22.20 to $24.20. The new note on the price target was released on March 07, 2022, representing the official price target for AngloGold Ashanti Limited stock. Previously, the target price had yet another drop from $30 to $27, while BMO Capital Markets kept a Market Perform rating on AU stock.

The Average True Range (ATR) for AngloGold Ashanti Limited is set at 0.80, with the Price to Sales ratio for AU stock in the period of the last 12 months amounting to 2.36. The Price to Book ratio for the last quarter was 2.60, with the Price to Cash per share for the same quarter was set at 2.65. Price to Free Cash Flow for AU in the course of the last twelve months was 9.79 with Quick ratio for the last quarter at 1.60.

How has AU stock performed recently?

AngloGold Ashanti Limited [AU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.35. With this latest performance, AU shares gained by 46.79% in over the last four-week period, additionally plugging by 77.48% over the last 6 months – not to mention a rise of 3.72% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AU stock in for the last two-week period is set at 81.61, with the RSI for the last a single of trading hit 87.44, and the three-weeks RSI is set at 76.22 for AngloGold Ashanti Limited [AU]. The present Moving Average for the last 50 days of trading for this stock 19.97, while it was recorded at 24.19 for the last single week of trading, and 16.96 for the last 200 days.

AngloGold Ashanti Limited [AU]: Deeper insight into the fundamentals

AngloGold Ashanti Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 2.50.

Earnings analysis for AngloGold Ashanti Limited [AU]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AU. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for AngloGold Ashanti Limited go to 10.63%.

Insider trade positions for AngloGold Ashanti Limited [AU]

There are presently around $2,447 million, or 27.10% of AU stock, in the hands of institutional investors. The top three institutional holders of AU stocks are: VAN ECK ASSOCIATES CORP with ownership of 23,586,972, which is approximately 0.467% of the company’s market cap and around 3.10% of the total institutional ownership; BLACKROCK INC., holding 8,322,752 shares of the stock with an approximate value of $203.74 million in AU stocks shares; and CORONATION FUND MANAGERS LTD., currently with $131.57 million in AU stock with ownership of nearly -9.192% of the company’s market capitalization.

Positions in AngloGold Ashanti Limited stocks held by institutional investors increased at the end of Friday and at the time of the Friday reporting period, where 74 institutional holders increased their position in AngloGold Ashanti Limited [NYSE:AU] by around 13,749,617 shares. Additionally, 96 investors decreased positions by around 17,997,804 shares, while 37 investors held positions by with 68,219,719 shares. The mentioned changes placed institutional holdings at 99,967,140 shares, according to the latest SEC report filing. AU stock had 32 new institutional investments in for a total of 7,072,614 shares, while 23 institutional investors sold positions of 2,496,356 shares during the same period.


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