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AngloGold Ashanti (AU) Outpaces Stock Market Gains: What You Should Know
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In the latest close session, AngloGold Ashanti (AU - Free Report) was up +1.59% at $79.67. The stock's change was more than the S&P 500's daily gain of 0.05%. Elsewhere, the Dow saw an upswing of 0.46%, while the tech-heavy Nasdaq depreciated by 0.64%.
Prior to today's trading, shares of the gold miner had lost 1.16% was narrower than the Basic Materials sector's loss of 1.68% and lagged the S&P 500's gain of 0.61%.
Investors will be eagerly watching for the performance of AngloGold Ashanti in its upcoming earnings disclosure. In that report, analysts expect AngloGold Ashanti to post earnings of $2.02 per share. This would mark 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 $8.23 per share and revenue of $12.09 billion. These results would represent year-over-year changes of +53.26% and +24.22%, respectively.
It is also important to note the recent changes to analyst estimates for AngloGold Ashanti. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 witnessed a 11.12% decrease. As of now, AngloGold Ashanti holds a Zacks Rank of #5 (Strong Sell).
Investors should also note AngloGold Ashanti's current valuation metrics, including its Forward P/E ratio of 9.52. This signifies a discount in comparison to the average Forward P/E of 9.82 for its industry.
The Mining - Gold industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 233, putting it in the bottom 6% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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AngloGold Ashanti (AU) Outpaces Stock Market Gains: What You Should Know
In the latest close session, AngloGold Ashanti (AU - Free Report) was up +1.59% at $79.67. The stock's change was more than the S&P 500's daily gain of 0.05%. Elsewhere, the Dow saw an upswing of 0.46%, while the tech-heavy Nasdaq depreciated by 0.64%.
Prior to today's trading, shares of the gold miner had lost 1.16% was narrower than the Basic Materials sector's loss of 1.68% and lagged the S&P 500's gain of 0.61%.
Investors will be eagerly watching for the performance of AngloGold Ashanti in its upcoming earnings disclosure. In that report, analysts expect AngloGold Ashanti to post earnings of $2.02 per share. This would mark 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 $8.23 per share and revenue of $12.09 billion. These results would represent year-over-year changes of +53.26% and +24.22%, respectively.
It is also important to note the recent changes to analyst estimates for AngloGold Ashanti. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 witnessed a 11.12% decrease. As of now, AngloGold Ashanti holds a Zacks Rank of #5 (Strong Sell).
Investors should also note AngloGold Ashanti's current valuation metrics, including its Forward P/E ratio of 9.52. This signifies a discount in comparison to the average Forward P/E of 9.82 for its industry.
The Mining - Gold industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 233, putting it in the bottom 6% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.