AngloGold Ashanti plc’s (NYSE:AU) P/S Is Still On The Mark Following 28% Share Price Bounce
Despite an already strong run, AngloGold Ashanti plc (NYSE:AU) shares have been powering on, with a gain of 28% in the last thirty days. The last month tops off a massive increase of 121% in the last year.
Since its price has surged higher, you could be forgiven for thinking AngloGold Ashanti is a stock to steer clear of with a price-to-sales ratios (or “P/S”) of 3.9x, considering almost half the companies in the United States’ Metals and Mining industry have P/S ratios below 1.9x. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/S.
