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AngloGold Ashanti (AU) Increases Despite Market Slip: Here's What You Need to Know
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In the latest close session, AngloGold Ashanti (AU - Free Report) was up +2.87% at $81.62. The stock outpaced the S&P 500's daily loss of 0.05%. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 0.24%.
The gold miner's shares have seen a decrease of 17.62% over the last month, not keeping up with the Basic Materials sector's loss of 2.52% and the S&P 500's loss of 1.42%.
Investors will be eagerly watching for the performance of AngloGold Ashanti in its upcoming earnings disclosure. On that day, AngloGold Ashanti is projected to report earnings of $2.02 per share, which would represent year-over-year growth of 61.6%. At the same time, our most recent consensus estimate is projecting a revenue of $3.2 billion, reflecting a 32.95% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $8.91 per share and a revenue of $12.24 billion, demonstrating changes of +65.92% and +25.82%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AngloGold Ashanti. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.81% lower. AngloGold Ashanti currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that AngloGold Ashanti has a Forward P/E ratio of 8.9 right now. This represents a premium compared to its industry average Forward P/E of 8.83.
The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 175, finds itself in the bottom 29% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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AngloGold Ashanti (AU) Increases Despite Market Slip: Here's What You Need to Know
In the latest close session, AngloGold Ashanti (AU - Free Report) was up +2.87% at $81.62. The stock outpaced the S&P 500's daily loss of 0.05%. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 0.24%.
The gold miner's shares have seen a decrease of 17.62% over the last month, not keeping up with the Basic Materials sector's loss of 2.52% and the S&P 500's loss of 1.42%.
Investors will be eagerly watching for the performance of AngloGold Ashanti in its upcoming earnings disclosure. On that day, AngloGold Ashanti is projected to report earnings of $2.02 per share, which would represent year-over-year growth of 61.6%. At the same time, our most recent consensus estimate is projecting a revenue of $3.2 billion, reflecting a 32.95% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $8.91 per share and a revenue of $12.24 billion, demonstrating changes of +65.92% and +25.82%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AngloGold Ashanti. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.81% lower. AngloGold Ashanti currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that AngloGold Ashanti has a Forward P/E ratio of 8.9 right now. This represents a premium compared to its industry average Forward P/E of 8.83.
The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 175, finds itself in the bottom 29% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.