AU Stock Summary and Trading Ideas (Anglogold Ashanti PLC | NYSE:AU)

Anglogold Ashanti PLC is one of the gold miners. The company also produces silver and sulphuric acid as by-products. Its operating divisions are Africa, Australia, and the Americas. The firm generates a majority of its revenue from the Africa region which includes its operations of the Kibali, Iduapriem, Obuasi, Siguiri, and Geita mines.

Anglogold Ashanti PLC trades on the NYSE stock market under the symbol AU.

As of April 18, 2024, AU stock price declined to $23.65 with 1,218,939 million shares trading.

AU has a beta of 0.87, meaning it tends to be less sensitive to market movements. AU has a correlation of 0.03 to the broad based SPY ETF.

AU has a market cap of $9.92 billion. This is considered a Mid Cap stock.

In the last 3 years, AU stock traded as high as $30.27 and as low as $11.94.

The top ETF exchange traded funds that AU belongs to (by Net Assets): GDX, AVEM, FRDM, DFAE, DFEM.

AU stock has underperformed the market in the last year with a return of -11.5%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AU shares. However, AU has outperformed the market in the last 3 month and 2 week periods, returning +46.9% and +1.9%, while SPY returned +6.1% and -3.9%, respectively. This indicates AU has been having a stronger performance recently.

AU support price is $23.09 and resistance is $24.61 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AU stock will trade within this expected range on the day.