In the latest close session, AngloGold Ashanti (AU) was up +2.29% at $69.37. This change outpaced the S&P 500's 0.44% gain on the day. On the other hand, the Dow registered a gain of 0.14%, and the technology-centric Nasdaq increased by 0.7%.
The gold miner's shares have seen an increase of 24.19% over the last month, surpassing the Basic Materials sector's gain of 7.28% and the S&P 500's gain of 4.03%.
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 $1.21 per share, which would represent year-over-year growth of 116.07%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.42 billion, up 62.12% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.31 per share and revenue of $9.01 billion. These totals would mark changes of +140.27% and +55.59%, respectively, from last year.
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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 7.06% higher. Currently, AngloGold Ashanti is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, AngloGold Ashanti is currently exchanging hands at a Forward P/E ratio of 12.77. This represents a discount compared to its industry average Forward P/E of 15.61.
The Mining - Gold industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 98, this industry ranks in the top 40% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the 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.
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AngloGold Ashanti PLC (AU): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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