Anglo Asian Mining PLC Stock Price Surges Past 200-Day Moving Average
May 27, 2023
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Anglo Asian Mining ($LSE:AAZ) PLC is a mining production and exploration company with gold, copper and silver properties in Azerbaijan. The company’s primary focus is its Gedabek gold/copper/silver mine in western Azerbaijan. On Wednesday, the stock price of Anglo Asian Mining PLC passed above its 200-day moving average, giving the stock a 200-day boost. This surge in stock price is a positive indicator for investors, as it indicates that the stock is gaining momentum and could be poised for long-term growth.
Analysts point to the company’s steady production of gold, copper and silver as one of the key factors driving the stock’s success. The strong demand for precious metals and the company’s ability to meet that demand have been a major driver of its stock price surge. With its production facilities located in a stable region, Anglo Asian Mining PLC is well positioned to capitalize on further growth opportunities in the future.
Share Price
The stock opened at £1.1 and closed at the same price, ending the day with a modest decline of 3.2% from its previous closing price. The stock’s performance is a testament to the company’s strong and steady growth over the years, and investors have expressed their confidence in the company’s future prospects. ANGLO ASIAN MINING is now well-positioned to capitalize on new opportunities and further strengthen its position in the global mining industry. The impressive performance of the stock is also a reflection of the robust operational performance of the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AAZ. More…
| Total Revenues | Net Income | Net Margin |
| 84.72 | 3.66 | 4.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AAZ. More…
| Operations | Investing | Financing |
| 13.49 | -20.81 | -9.41 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AAZ. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 181.18 | 67.67 | 1.07 |
Key Ratios Snapshot
Some of the financial key ratios for AAZ are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.7% | -34.0% | 9.8% |
| FCF Margin | ROE | ROA |
| -4.5% | 4.4% | 2.9% |
Analysis
At GoodWhale, we have conducted a careful analysis of the fundamentals of ANGLO ASIAN MINING. After careful consideration, we have assigned the company a Risk Rating of medium, highlighting both the financial and business risks associated with the investment. Our analysis has also identified 3 risk warnings in the income sheet, balance sheet and financial journal. If you would like to learn more about these warnings, please register on goodwhale.com. More…
Peers
The company is dedicated to developing and mining natural resources in the region, and is well-positioned against its competitors, such as GBM Resources Ltd, Aura Minerals Inc, and Theta Gold Mines Ltd, as they all work towards a common goal of creating shareholder value through the development of natural resources.
– GBM Resources Ltd ($ASX:GBZ)
GBM Resources Ltd is an Australian mineral exploration company focused on the discovery and development of base metals and gold in the eastern Goldfields of Western Australia. The company has a market capitalization of 29.26 million as of 2023, which is the total value of its shares on the market. The company also has a negative return on equity (ROE) of -1.08%, which indicates that it is not generating enough profits from its investments to cover its costs. This could be due to the fact that the company is still in its early stages and has not yet realized any profits from its projects.
– Aura Minerals Inc ($TSX:ORA)
Aura Minerals Inc. is a Canadian-based mining company that produces gold, copper, zinc, and silver. The company has a market capitalization of 874.17 million Canadian dollars as of 2023. This indicates that the company has a strong presence in the market and is seen as an attractive investment for investors. Additionally, the company has a Return on Equity of 14.52%, which is a measure of how efficiently the company uses its assets to generate profits. This high ROE shows that Aura Minerals Inc is well-managed and is able to generate a greater return on its investments compared to other companies in the industry.
– Theta Gold Mines Ltd ($ASX:TGM)
Theta Gold Mines Ltd is a gold exploration and mine development company, focused on bringing to market its flagship Côte d’Ivoire gold project. As of 2023, the company has a market cap of 44.57M. Its return on equity (ROE) is -56.16%, indicating that the company is not generating a sufficient return on its investments and is not efficiently utilizing its shareholders’ funds. The company may need to take steps to improve its operational efficiency in order to attract more investors and increase its market capitalization.
Summary
Anglo Asian Mining PLC is a mining company that specializes in gold, copper, and silver production. Its stock price recently passed above its 200-day moving average, an important technical indicator for investors. While the price moved down the same day, this indicates that the stock is potentially on the rise.
Analysts suggest that investors consider buying the stock as a long-term investment as the price of gold continues to rise and other economic factors remain favourable. Investors should keep an eye on the company’s fundamentals and developments in the sector, as well as any macroeconomic news that could impact the company’s stock price in the future.
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