The market has been high on AngloGold Ashanti Limited (AU) stock recently. AU gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
AngloGold Ashanti Limited has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on AU!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With AU Stock Today?
AngloGold Ashanti Limited (AU) stock has fallen -0.57% while the S&P 500 has gained 1.08% as of 10:28 AM on Friday, Jul 29. AU is down -$0.09 from the previous closing price of $14.87 on volume of 380,051 shares. Over the past year the S&P 500 has fallen -6.46% while AU is down -25.84%. AU earned $1.48 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.99.
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 Africa, Australia, and the Americas. The firm generates a majority of its revenue from Africa which includes Ghana, Guinea, Mali, the Democratic Republic of the Congo, and Tanzania.
Click Here to get the full Stock Report for AngloGold Ashanti Limited stock.