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Why the Market Dipped But AngloGold Ashanti (AU) Gained Today
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AngloGold Ashanti (AU - Free Report) ended the recent trading session at $93.93, demonstrating a +1.78% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.57%. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq decreased by 1.15%.
The gold miner's stock has dropped by 1.26% in the past month, falling short of the Basic Materials sector's gain of 3.28% and the S&P 500's gain of 2.14%.
The upcoming earnings release of AngloGold Ashanti will be of great interest to investors. The company's upcoming EPS is projected at $2.13, signifying a 70.40% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.3 billion, up 36.89% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $9.26 per share and revenue of $13.17 billion, which would represent changes of +72.44% and +35.32%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for AngloGold Ashanti. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. AngloGold Ashanti is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, AngloGold Ashanti is at present trading with a Forward P/E ratio of 9.96. This signifies a premium in comparison to the average Forward P/E of 9.48 for its industry.
The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 159, finds itself in the bottom 35% echelons of all 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Why the Market Dipped But AngloGold Ashanti (AU) Gained Today
AngloGold Ashanti (AU - Free Report) ended the recent trading session at $93.93, demonstrating a +1.78% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.57%. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq decreased by 1.15%.
The gold miner's stock has dropped by 1.26% in the past month, falling short of the Basic Materials sector's gain of 3.28% and the S&P 500's gain of 2.14%.
The upcoming earnings release of AngloGold Ashanti will be of great interest to investors. The company's upcoming EPS is projected at $2.13, signifying a 70.40% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.3 billion, up 36.89% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $9.26 per share and revenue of $13.17 billion, which would represent changes of +72.44% and +35.32%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for AngloGold Ashanti. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. AngloGold Ashanti is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, AngloGold Ashanti is at present trading with a Forward P/E ratio of 9.96. This signifies a premium in comparison to the average Forward P/E of 9.48 for its industry.
The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 159, finds itself in the bottom 35% echelons of all 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.