In the latest close session, AngloGold Ashanti (AU) was up +2.91% at $68.61. The stock's performance was ahead of the S&P 500's daily gain of 0.58%. At the same time, the Dow added 0.31%, and the tech-heavy Nasdaq gained 0.89%.
The gold miner's stock has climbed by 0.11% in the past month, exceeding the Basic Materials sector's loss of 4.14% and lagging the S&P 500's gain of 0.16%.
The upcoming earnings release of AngloGold Ashanti will be of great interest to investors. On that day, AngloGold Ashanti is projected to report earnings of $1.34 per share, which would represent year-over-year growth of 139.29%. Simultaneously, our latest consensus estimate expects the revenue to be $2.53 billion, showing a 69.87% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.31 per share and a revenue of $9.32 billion, signifying shifts of +140.27% and +60.96%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 an unchanged state. At present, AngloGold Ashanti boasts a Zacks Rank of #1 (Strong Buy).
In terms of valuation, AngloGold Ashanti is presently being traded at a Forward P/E ratio of 12.56. This valuation marks a discount compared to its industry average Forward P/E of 15.23.
The Mining - Gold industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 31, positioning it in the top 13% 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.
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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