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AngloGold Ashanti (AU) Dips More Than Broader Market: What You Should Know
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In the latest trading session, AngloGold Ashanti (AU - Free Report) closed at $90.04, marking a -3.76% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.22% for the day. Meanwhile, the Dow lost 0.66%, and the Nasdaq, a tech-heavy index, lost 0.22%.
The gold miner's shares have seen a decrease of 13.24% over the last month, not keeping up with the Basic Materials sector's loss of 6.74% and the S&P 500's gain of 1.4%.
Market participants will be closely following the financial results of AngloGold Ashanti in its upcoming release. The company is predicted to post an EPS of $1.84, indicating a 39.39% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $3.05 billion, indicating a 28.36% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $8.16 per share and a revenue of $12.27 billion, demonstrating changes of +51.96% and +26.11%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for AngloGold Ashanti. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.16% increase. AngloGold Ashanti is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note AngloGold Ashanti's current valuation metrics, including its Forward P/E ratio of 11.47. This indicates a discount in contrast to its industry's Forward P/E of 11.81.
The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 205, placing it within the bottom 17% of over 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.
To follow AU in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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AngloGold Ashanti (AU) Dips More Than Broader Market: What You Should Know
In the latest trading session, AngloGold Ashanti (AU - Free Report) closed at $90.04, marking a -3.76% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.22% for the day. Meanwhile, the Dow lost 0.66%, and the Nasdaq, a tech-heavy index, lost 0.22%.
The gold miner's shares have seen a decrease of 13.24% over the last month, not keeping up with the Basic Materials sector's loss of 6.74% and the S&P 500's gain of 1.4%.
Market participants will be closely following the financial results of AngloGold Ashanti in its upcoming release. The company is predicted to post an EPS of $1.84, indicating a 39.39% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $3.05 billion, indicating a 28.36% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $8.16 per share and a revenue of $12.27 billion, demonstrating changes of +51.96% and +26.11%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for AngloGold Ashanti. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.16% increase. AngloGold Ashanti is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note AngloGold Ashanti's current valuation metrics, including its Forward P/E ratio of 11.47. This indicates a discount in contrast to its industry's Forward P/E of 11.81.
The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 205, placing it within the bottom 17% of over 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.
To follow AU in the coming trading sessions, be sure to utilize Zacks.com.