We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AngloGold Ashanti (AU) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
AngloGold Ashanti (AU - Free Report) closed the most recent trading day at $73.45, moving -1.5% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.16%. At the same time, the Dow added 0.44%, and the tech-heavy Nasdaq lost 0.76%.
Coming into today, shares of the gold miner had gained 11.13% in the past month. In that same time, the Basic Materials sector gained 0.02%, while the S&P 500 gained 1.14%.
The investment community will be closely monitoring the performance of AngloGold Ashanti in its forthcoming earnings report. In that report, analysts expect AngloGold Ashanti to post earnings of $1.34 per share. This would mark year-over-year growth of 139.29%. Alongside, our most recent consensus estimate is anticipating revenue of $2.53 billion, indicating a 69.87% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.31 per share and revenue of $9.32 billion. These totals would mark changes of +140.27% and +60.96%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for AngloGold Ashanti. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. AngloGold Ashanti is holding a Zacks Rank of #1 (Strong Buy) right now.
In the context of valuation, AngloGold Ashanti is at present trading with a Forward P/E ratio of 14.04. This valuation marks a discount compared to its industry average Forward P/E of 16.28.
The Mining - Gold industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 35, positioning it in the top 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AU in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AngloGold Ashanti (AU) Dips More Than Broader Market: What You Should Know
AngloGold Ashanti (AU - Free Report) closed the most recent trading day at $73.45, moving -1.5% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.16%. At the same time, the Dow added 0.44%, and the tech-heavy Nasdaq lost 0.76%.
Coming into today, shares of the gold miner had gained 11.13% in the past month. In that same time, the Basic Materials sector gained 0.02%, while the S&P 500 gained 1.14%.
The investment community will be closely monitoring the performance of AngloGold Ashanti in its forthcoming earnings report. In that report, analysts expect AngloGold Ashanti to post earnings of $1.34 per share. This would mark year-over-year growth of 139.29%. Alongside, our most recent consensus estimate is anticipating revenue of $2.53 billion, indicating a 69.87% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.31 per share and revenue of $9.32 billion. These totals would mark changes of +140.27% and +60.96%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for AngloGold Ashanti. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. AngloGold Ashanti is holding a Zacks Rank of #1 (Strong Buy) right now.
In the context of valuation, AngloGold Ashanti is at present trading with a Forward P/E ratio of 14.04. This valuation marks a discount compared to its industry average Forward P/E of 16.28.
The Mining - Gold industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 35, positioning it in the top 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AU in the coming trading sessions, be sure to utilize Zacks.com.