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AngloGold Ashanti (AU) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest trading session, AngloGold Ashanti (AU - Free Report) closed at $83.59, marking a -1.88% move from the previous day. This change lagged the S&P 500's daily loss of 0.52%. Meanwhile, the Dow lost 1.24%, and the Nasdaq, a tech-heavy index, lost 0.21%.
Heading into today, shares of the gold miner had lost 13.5% over the past month, lagging the Basic Materials sector's loss of 9.64% and the S&P 500's loss of 1.21%.
The upcoming earnings release of AngloGold Ashanti will be of great interest to investors. In that report, analysts expect AngloGold Ashanti to post earnings of $1.84 per share. This would mark year-over-year growth of 39.39%. Meanwhile, our latest consensus estimate is calling for revenue of $3.05 billion, up 28.36% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.18 per share and revenue of $12.3 billion, indicating changes of +52.33% and +26.4%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for AngloGold Ashanti. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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 0.29% increase. AngloGold Ashanti is currently a Zacks Rank #3 (Hold).
Investors should also note AngloGold Ashanti's current valuation metrics, including its Forward P/E ratio of 10.41. This valuation marks a discount compared to its industry average Forward P/E of 11.1.
The Mining - Gold industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 211, which puts it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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AngloGold Ashanti (AU) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest trading session, AngloGold Ashanti (AU - Free Report) closed at $83.59, marking a -1.88% move from the previous day. This change lagged the S&P 500's daily loss of 0.52%. Meanwhile, the Dow lost 1.24%, and the Nasdaq, a tech-heavy index, lost 0.21%.
Heading into today, shares of the gold miner had lost 13.5% over the past month, lagging the Basic Materials sector's loss of 9.64% and the S&P 500's loss of 1.21%.
The upcoming earnings release of AngloGold Ashanti will be of great interest to investors. In that report, analysts expect AngloGold Ashanti to post earnings of $1.84 per share. This would mark year-over-year growth of 39.39%. Meanwhile, our latest consensus estimate is calling for revenue of $3.05 billion, up 28.36% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.18 per share and revenue of $12.3 billion, indicating changes of +52.33% and +26.4%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for AngloGold Ashanti. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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 0.29% increase. AngloGold Ashanti is currently a Zacks Rank #3 (Hold).
Investors should also note AngloGold Ashanti's current valuation metrics, including its Forward P/E ratio of 10.41. This valuation marks a discount compared to its industry average Forward P/E of 11.1.
The Mining - Gold industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 211, which puts it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.