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AngloGold Ashanti (AU) Stock Declines While Market Improves: Some Information for Investors
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In the latest close session, AngloGold Ashanti (AU - Free Report) was down 1.49% at $79.14. The stock's performance was behind the S&P 500's daily gain of 0.38%. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq appreciated by 0.62%.
The gold miner's stock has dropped by 14.47% in the past month, falling short of the Basic Materials sector's loss of 6.47% and the S&P 500's gain of 1.61%.
Market participants will be closely following the financial results of AngloGold Ashanti in its upcoming release. 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%. Meanwhile, the latest consensus estimate predicts the revenue to be $3.2 billion, indicating a 32.95% increase compared to the same quarter of the previous year.
AU's full-year Zacks Consensus Estimates are calling for earnings of $8.91 per share and revenue of $12.24 billion. These results would represent year-over-year changes of +65.92% and +25.82%, respectively.
Any recent changes to analyst estimates for AngloGold Ashanti should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 3.81% lower. AngloGold Ashanti presently features a Zacks Rank of #4 (Sell).
In terms of valuation, AngloGold Ashanti is presently being traded at a Forward P/E ratio of 9.02. For comparison, its industry has an average Forward P/E of 9.64, which means AngloGold Ashanti is trading at a discount to the group.
The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 223, placing it within the bottom 10% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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.
View the Zacks #1 Rank List
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AngloGold Ashanti (AU) Stock Declines While Market Improves: Some Information for Investors
In the latest close session, AngloGold Ashanti (AU - Free Report) was down 1.49% at $79.14. The stock's performance was behind the S&P 500's daily gain of 0.38%. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq appreciated by 0.62%.
The gold miner's stock has dropped by 14.47% in the past month, falling short of the Basic Materials sector's loss of 6.47% and the S&P 500's gain of 1.61%.
Market participants will be closely following the financial results of AngloGold Ashanti in its upcoming release. 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%. Meanwhile, the latest consensus estimate predicts the revenue to be $3.2 billion, indicating a 32.95% increase compared to the same quarter of the previous year.
AU's full-year Zacks Consensus Estimates are calling for earnings of $8.91 per share and revenue of $12.24 billion. These results would represent year-over-year changes of +65.92% and +25.82%, respectively.
Any recent changes to analyst estimates for AngloGold Ashanti should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 3.81% lower. AngloGold Ashanti presently features a Zacks Rank of #4 (Sell).
In terms of valuation, AngloGold Ashanti is presently being traded at a Forward P/E ratio of 9.02. For comparison, its industry has an average Forward P/E of 9.64, which means AngloGold Ashanti is trading at a discount to the group.
The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 223, placing it within the bottom 10% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. 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.