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Highlights:
- AngloGold Ashanti's stock rose by 3.4%.
- The company has a market capitalization of $10.93 billion.
- Key financial ratios include a debt-to-equity ratio of 0.46 and a current ratio of 1.73.
AngloGold Ashanti (NYSE:AU) operates in the gold mining sector, focusing on the exploration, extraction, and production of gold. As a global player in the industry, the company has a diverse portfolio of assets located across various regions. Its mining operations are spread across multiple continents, reflecting the widespread demand for gold and its importance in the global economy.
Stock Performance and Key Metrics
The stock of AngloGold Ashanti opened at $26.03, showing a 3.4% increase. The company's fifty-day moving average stands at $24.85, while the two-hundred-day moving average is $27.18. The current stock price is slightly below the two-hundred-day moving average, suggesting fluctuations in the company's performance over time.
Financial Strength
AngloGold Ashanti maintains a relatively strong financial position. The debt-to-equity ratio is 0.46, indicating a balanced approach to debt management. The company's quick ratio is 1.14, suggesting adequate liquidity to cover short-term liabilities without relying on inventory sales. The current ratio is 1.73, further indicating the company's capacity to meet its obligations.
Stock Price Range
Over the past year, AngloGold Ashanti’s stock has ranged from a low of $15.80 to a high of $32.57. This significant range reflects the volatility in the market, with a notable difference between the lowest and highest stock values during the period. The company's market capitalization is currently $10.93 billion, underlining its considerable size and position in the gold mining sector.
Valuation and Risk
The price-to-earnings ratio of AngloGold Ashanti is 8.13, which is relatively low within its industry. This ratio suggests that the company might be valued lower compared to other entities in the sector. The beta of 0.94 indicates a relatively low level of volatility, suggesting that the stock's price tends to be less reactive to market movements.
