Overall market sentiment has been high on AngloGold Ashanti Limited (AU) stock lately. AU receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With AU Stock Today?
AngloGold Ashanti Limited (AU) stock has risen 5.47% while the S&P 500 is down -0.16% as of 2:16 PM on Monday, Mar 29. AU is higher by $1.15 from the previous closing price of $21.03 on volume of 4,255,483 shares. Over the past year the S&P 500 is higher by 51.08% while AU is higher by 23.63%. AU earned $2.26 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.87.
To see the top 5 stocks in the Gold industry click here.
More About AngloGold Ashanti Limited
Anglogold Ashanti Ltd is one of the largest gold miners. The company also produces silver and sulphuric acid as by-products. Its operating divisions are Continental Africa, Australia, and the Americas. The firm generates a majority of its revenue from Continental Africa which includes Ghana, Guinea, Mali, the Democratic Republic of the Congo, and Tanzania.
Click Here to get the full Stock Score Report on AngloGold Ashanti Limited (AU) Stock.
