We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's Why AngloGold Ashanti (AU) Fell More Than Broader Market
Read MoreHide Full Article
AngloGold Ashanti (AU - Free Report) closed at $98.74 in the latest trading session, marking a -5.6% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.76%. On the other hand, the Dow registered a loss of 0.68%, and the technology-centric Nasdaq decreased by 1.13%.
Heading into today, shares of the gold miner had lost 15.23% over the past month, lagging the Basic Materials sector's loss of 5.25% and the S&P 500's gain of 1.26%.
Investors will be eagerly watching for the performance of AngloGold Ashanti in its upcoming earnings disclosure. The company is expected to report EPS of $1.84, up 39.39% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $3.05 billion, indicating a 28.36% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.16 per share and revenue of $12.27 billion, indicating changes of +51.96% and +26.11%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications 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 suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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 past month, the Zacks Consensus EPS estimate has moved 0.16% higher. AngloGold Ashanti presently features a Zacks Rank of #3 (Hold).
With respect to valuation, AngloGold Ashanti is currently being traded at a Forward P/E ratio of 12.82. This expresses a discount compared to the average Forward P/E of 13.95 of its industry.
The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 203, placing it within the bottom 18% 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Here's Why AngloGold Ashanti (AU) Fell More Than Broader Market
AngloGold Ashanti (AU - Free Report) closed at $98.74 in the latest trading session, marking a -5.6% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.76%. On the other hand, the Dow registered a loss of 0.68%, and the technology-centric Nasdaq decreased by 1.13%.
Heading into today, shares of the gold miner had lost 15.23% over the past month, lagging the Basic Materials sector's loss of 5.25% and the S&P 500's gain of 1.26%.
Investors will be eagerly watching for the performance of AngloGold Ashanti in its upcoming earnings disclosure. The company is expected to report EPS of $1.84, up 39.39% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $3.05 billion, indicating a 28.36% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.16 per share and revenue of $12.27 billion, indicating changes of +51.96% and +26.11%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications 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 suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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 past month, the Zacks Consensus EPS estimate has moved 0.16% higher. AngloGold Ashanti presently features a Zacks Rank of #3 (Hold).
With respect to valuation, AngloGold Ashanti is currently being traded at a Forward P/E ratio of 12.82. This expresses a discount compared to the average Forward P/E of 13.95 of its industry.
The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 203, placing it within the bottom 18% 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 follow all of these stock-moving metrics, and many more, on Zacks.com.