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AngloGold Ashanti (AU) Stock Sinks As Market Gains: Here's Why
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In the latest close session, AngloGold Ashanti (AU - Free Report) was down 2.22% at $101.22. This move lagged the S&P 500's daily gain of 0.11%. Meanwhile, the Dow lost 0.13%, and the Nasdaq, a tech-heavy index, added 0.18%.
Shares of the gold miner witnessed a loss of 8.5% over the previous month, beating the performance of the Basic Materials sector with its loss of 9.72%, and underperforming the S&P 500's loss of 4.28%.
The investment community will be closely monitoring the performance of AngloGold Ashanti in its forthcoming earnings report. The company is scheduled to release its earnings on May 8, 2026. The company is expected to report EPS of $2.21, up 151.14% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $3.34 billion, reflecting a 73.22% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $9.25 per share and a revenue of $12 billion, demonstrating changes of +72.25% and +23.28%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for AngloGold Ashanti. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.25% fall in the Zacks Consensus EPS estimate. At present, AngloGold Ashanti boasts a Zacks Rank of #3 (Hold).
Investors should also note AngloGold Ashanti's current valuation metrics, including its Forward P/E ratio of 11.19. Its industry sports an average Forward P/E of 11.19, so one might conclude that AngloGold Ashanti is trading at no noticeable deviation comparatively.
The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 146, placing it within the bottom 41% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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AngloGold Ashanti (AU) Stock Sinks As Market Gains: Here's Why
In the latest close session, AngloGold Ashanti (AU - Free Report) was down 2.22% at $101.22. This move lagged the S&P 500's daily gain of 0.11%. Meanwhile, the Dow lost 0.13%, and the Nasdaq, a tech-heavy index, added 0.18%.
Shares of the gold miner witnessed a loss of 8.5% over the previous month, beating the performance of the Basic Materials sector with its loss of 9.72%, and underperforming the S&P 500's loss of 4.28%.
The investment community will be closely monitoring the performance of AngloGold Ashanti in its forthcoming earnings report. The company is scheduled to release its earnings on May 8, 2026. The company is expected to report EPS of $2.21, up 151.14% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $3.34 billion, reflecting a 73.22% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $9.25 per share and a revenue of $12 billion, demonstrating changes of +72.25% and +23.28%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for AngloGold Ashanti. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.25% fall in the Zacks Consensus EPS estimate. At present, AngloGold Ashanti boasts a Zacks Rank of #3 (Hold).
Investors should also note AngloGold Ashanti's current valuation metrics, including its Forward P/E ratio of 11.19. Its industry sports an average Forward P/E of 11.19, so one might conclude that AngloGold Ashanti is trading at no noticeable deviation comparatively.
The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 146, placing it within the bottom 41% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.