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AngloGold Ashanti (AU) Declines More Than Market: Some Information for Investors
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In the latest close session, AngloGold Ashanti (AU - Free Report) was down 6.21% at $78.59. This change lagged the S&P 500's 0.1% loss on the day. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.43%.
Shares of the gold miner witnessed a loss of 14.05% over the previous month, trailing the performance of the Basic Materials sector with its loss of 3.56%, and the S&P 500's loss of 1.34%.
The upcoming earnings release of AngloGold Ashanti will be of great interest to investors. On that day, AngloGold Ashanti is projected to report earnings of $2.13 per share, which would represent year-over-year growth of 70.4%. At the same time, our most recent consensus estimate is projecting a revenue of $3.3 billion, reflecting a 36.89% rise from the equivalent quarter last year.
AU's full-year Zacks Consensus Estimates are calling for earnings of $9.26 per share and revenue of $13.17 billion. These results would represent year-over-year changes of +72.44% and +35.32%, respectively.
Investors should also note any recent changes to analyst estimates for AngloGold Ashanti. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, AngloGold Ashanti possesses a Zacks Rank of #3 (Hold).
Investors should also note AngloGold Ashanti's current valuation metrics, including its Forward P/E ratio of 9.05. This denotes a premium relative to the industry average Forward P/E of 9.01.
The Mining - Gold industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 167, this industry ranks in the bottom 32% of all industries, numbering over 250.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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AngloGold Ashanti (AU) Declines More Than Market: Some Information for Investors
In the latest close session, AngloGold Ashanti (AU - Free Report) was down 6.21% at $78.59. This change lagged the S&P 500's 0.1% loss on the day. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.43%.
Shares of the gold miner witnessed a loss of 14.05% over the previous month, trailing the performance of the Basic Materials sector with its loss of 3.56%, and the S&P 500's loss of 1.34%.
The upcoming earnings release of AngloGold Ashanti will be of great interest to investors. On that day, AngloGold Ashanti is projected to report earnings of $2.13 per share, which would represent year-over-year growth of 70.4%. At the same time, our most recent consensus estimate is projecting a revenue of $3.3 billion, reflecting a 36.89% rise from the equivalent quarter last year.
AU's full-year Zacks Consensus Estimates are calling for earnings of $9.26 per share and revenue of $13.17 billion. These results would represent year-over-year changes of +72.44% and +35.32%, respectively.
Investors should also note any recent changes to analyst estimates for AngloGold Ashanti. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, AngloGold Ashanti possesses a Zacks Rank of #3 (Hold).
Investors should also note AngloGold Ashanti's current valuation metrics, including its Forward P/E ratio of 9.05. This denotes a premium relative to the industry average Forward P/E of 9.01.
The Mining - Gold industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 167, this industry ranks in the bottom 32% of all industries, numbering over 250.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.