AngloGold Ashanti Limited (NYSE: AU) stock fell -2.12% on Friday to $13.83 against a previous-day closing price of $14.13. With 2.98 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.77 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $14.16 whereas the lowest price it dropped to was $13.76. The 52-week range on AU shows that it touched its highest point at $26.96 and its lowest point at $13.47 during that stretch. It currently has a 1-year price target of $20.32. With its current market cap of 5.84 billion, AU has annualized dividend of $0.53 while the current yield stands at 3.81%. Beta for the stock currently stands at 0.67.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AU was down-trending over the past week, with a drop of -4.75%, but this was down by -4.36% over a month. Three-month performance dropped to -32.44% while six-month performance fell -28.01%. The stock lost -31.64% in the past year, while it has lost -34.08% so far this year. A look at the trailing 12-month EPS for AU yields 1.48 with Next year EPS estimates of 1.93. EPS is expected to grow by 22.12% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 57.70%.
Float and Shares Shorts:
At present, 420.52 million AU shares are outstanding with a float of 413.32 million shares on hand for trading. On Jul 14, 2022, short shares totaled 4.59 million, which was 1.10% higher than short shares on Jun 14, 2022. In addition to Mr. Alberto Calderon Zuleta B.A., J.D., M.A., Ph.D. as the firm’s CEO & Exec. Director, Mr. Ian Kramer C.A. serves as its Interim Chief Financial Officer.
Through their ownership of 28.06% of AU’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 8.18% of AU, in contrast to 19.06% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in AU with 5.41% of the stake, Van Eck Associates Corp. holds 22,619,173 shares worth 22,619,173. A second-largest stockholder of AU, T. Rowe Price Associates, Inc., holds 10,407,615 shares, controlling over 2.49% of the firm’s shares. Coronation Asset Management is the third largest shareholder in AU, holding 6,842,889 shares or 1.64% stake. With a 5.27% stake in AU, the VanEck Gold Miners ETF is the largest stakeholder. A total of 22,051,395 shares are owned by the mutual fund manager. The T Rowe Price Mid Cap Value Fund, which owns about 1.62% of AU stock, is the second-largest Mutual Fund holder. It holds 6,786,200 shares valued at 100.37 million. iShares V Plc – Gold Producers UC holds 0.77% of the stake in AU, owning 3,212,150 shares worth 47.51 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AU since 11 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AU analysts setting a high price target of $24.63 and a low target of $16.71, the average target price over the next 12 months is $20.93. Based on these targets, AU could surge 78.09% to reach the target high and rise by 20.82% to reach the target low. Reaching the average price target will result in a growth of 51.34% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AU will report FY 2022 earnings on 02/21/2023. Analysts have provided yearly estimates in a range of $2.24 being high and $1.05 being low. For AU, this leads to a yearly average estimate of $1.69. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. AngloGold Ashanti Limited surprised analysts by $0.01 when it reported $0.33 EPS against a consensus estimate of $0.32. The surprise factor in the prior quarter was -$0.06. Based on analyst estimates, the high estimate for the next quarter is $0.30 and the low estimate is $0.30. The average estimate for the next quarter is thus $0.30.