AngloGold Ashanti Ltd.

AngloGold Ashanti Ltd. (AU - Snapshot Report) has posted solid gains since first being featured as a momentum stock on Feb 9 in response to the company's strong first-quarter results, reported on May 15.

First-Quarter Results

Income was up huge from last year, coming in at $150 million from a loss of $17 million. Earnings totaled 42 cents per share, up from a 5 cent loss last year.

The company said that it benefited from higher spot gold prices, increased production and a lower discount rate.

Estimates

The current-year estimate has been mostly flat for the last few months, currently up 6 cents from 90 days ago to $2.31 per share. The next-year estimate is up 34 cents to $2.27, but should be taken with a grain of salt. This earnings target will fluctuate significantly with underlying gold prices, the primary driver of this stock's performance.

The Chart

Shares of AU have been trending higher since bottoming out just above $13 last November, having since topped the $43 mark. Shares have since pulled back a bit, but remain in elevated territory. Take a look at the chart below.

Last Week's Momentum Zacks Rank Buy Stocks

Green Mountain Coffee Roasters (GMCR - Analyst Report) is up big over the last 2 months in response to the company's strong second-quarter results and new partnership with Walmart, set to distribute the company's products in over 3,000 of its stores. Read Full Article.

Global Partners LP (GLP - Snapshot Report) is scoring big gains on recently strong demand for refined energy products. Estimates are up big in the last 3 months, sending the company's share price up more than 100%. Read Full Article.

Visa, Inc. (V - Snapshot Report) is fresh off the heels of an impressive 6-month run in which its share price advanced from just above $41 to a recent high-water mark above $71. Estimates have risen in tandem, keeping valuations in check. Read Full Article.

Rehabcare Group, Inc. (RHB - Snapshot Report) recently set a new 52-week high after a powerful rebound from March lows. Estimates are on the upswing as well. Read Full Article.