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) Increases Despite Market Slip: Here's What You Need to Know
Read MoreHide Full Article
In the latest trading session, AngloGold Ashanti (AU - Free Report) closed at $91.25, marking a +1.49% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.03%. At the same time, the Dow lost 0.04%, and the tech-heavy Nasdaq lost 0.09%.
Heading into today, shares of the gold miner had gained 1.12% over the past month, lagging the Basic Materials sector's gain of 9.22% and the S&P 500's gain of 2.57%.
Analysts and investors alike will be keeping a close eye on the performance of AngloGold Ashanti in its upcoming earnings disclosure. In that report, analysts expect AngloGold Ashanti to post earnings of $1.9 per share. This would mark year-over-year growth of 113.48%. Our most recent consensus estimate is calling for quarterly revenue of $3.03 billion, up 73.03% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.51 per share and revenue of $9.85 billion, which would represent changes of +149.32% and +70.08%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AngloGold Ashanti. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.51% lower. AngloGold Ashanti is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, AngloGold Ashanti currently has a Forward P/E ratio of 16.33. This signifies a discount in comparison to the average Forward P/E of 17.73 for its industry.
The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 47, finds itself in the top 20% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AngloGold Ashanti (AU) Increases Despite Market Slip: Here's What You Need to Know
In the latest trading session, AngloGold Ashanti (AU - Free Report) closed at $91.25, marking a +1.49% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.03%. At the same time, the Dow lost 0.04%, and the tech-heavy Nasdaq lost 0.09%.
Heading into today, shares of the gold miner had gained 1.12% over the past month, lagging the Basic Materials sector's gain of 9.22% and the S&P 500's gain of 2.57%.
Analysts and investors alike will be keeping a close eye on the performance of AngloGold Ashanti in its upcoming earnings disclosure. In that report, analysts expect AngloGold Ashanti to post earnings of $1.9 per share. This would mark year-over-year growth of 113.48%. Our most recent consensus estimate is calling for quarterly revenue of $3.03 billion, up 73.03% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.51 per share and revenue of $9.85 billion, which would represent changes of +149.32% and +70.08%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AngloGold Ashanti. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.51% lower. AngloGold Ashanti is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, AngloGold Ashanti currently has a Forward P/E ratio of 16.33. This signifies a discount in comparison to the average Forward P/E of 17.73 for its industry.
The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 47, finds itself in the top 20% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.