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Is AngloGold Ashanti PLC (AU) Stock Outpacing Its Basic Materials Peers This Year?
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Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. AngloGold Ashanti (AU - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.
AngloGold Ashanti is a member of our Basic Materials group, which includes 254 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. AngloGold Ashanti is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AU's full-year earnings has moved 32.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, AU has gained about 26.2% so far this year. Meanwhile, stocks in the Basic Materials group have gained about 21% on average. This means that AngloGold Ashanti is outperforming the sector as a whole this year.
Another Basic Materials stock, which has outperformed the sector so far this year, is Centerra Gold Inc. (CGAU - Free Report) . The stock has returned 32.1% year-to-date.
Over the past three months, Centerra Gold Inc.'s consensus EPS estimate for the current year has increased 37.2%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, AngloGold Ashanti is a member of the Mining - Gold industry, which includes 43 individual companies and currently sits at #40 in the Zacks Industry Rank. Stocks in this group have gained about 22.6% so far this year, so AU is performing better this group in terms of year-to-date returns. Centerra Gold Inc. is also part of the same industry.
Investors interested in the Basic Materials sector may want to keep a close eye on AngloGold Ashanti and Centerra Gold Inc. as they attempt to continue their solid performance.
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Is AngloGold Ashanti PLC (AU) Stock Outpacing Its Basic Materials Peers This Year?
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. AngloGold Ashanti (AU - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.
AngloGold Ashanti is a member of our Basic Materials group, which includes 254 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. AngloGold Ashanti is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for AU's full-year earnings has moved 32.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the latest available data, AU has gained about 26.2% so far this year. Meanwhile, stocks in the Basic Materials group have gained about 21% on average. This means that AngloGold Ashanti is outperforming the sector as a whole this year.
Another Basic Materials stock, which has outperformed the sector so far this year, is Centerra Gold Inc. (CGAU - Free Report) . The stock has returned 32.1% year-to-date.
Over the past three months, Centerra Gold Inc.'s consensus EPS estimate for the current year has increased 37.2%. The stock currently has a Zacks Rank #1 (Strong Buy).
Breaking things down more, AngloGold Ashanti is a member of the Mining - Gold industry, which includes 43 individual companies and currently sits at #40 in the Zacks Industry Rank. Stocks in this group have gained about 22.6% so far this year, so AU is performing better this group in terms of year-to-date returns. Centerra Gold Inc. is also part of the same industry.
Investors interested in the Basic Materials sector may want to keep a close eye on AngloGold Ashanti and Centerra Gold Inc. as they attempt to continue their solid performance.