AngloGold Ashanti (AU) ended the recent trading session at $101.36, demonstrating a -5.13% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 1.16%. At the same time, the Dow added 1.21%, and the tech-heavy Nasdaq gained 1.18%.
The gold miner's shares have seen an increase of 19.24% over the last month, surpassing the Basic Materials sector's gain of 8.74% and the S&P 500's loss of 0.42%.
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 $1.9, indicating a 113.48% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.03 billion, up 73.03% from the year-ago period.
AU's full-year Zacks Consensus Estimates are calling for earnings of $5.51 per share and revenue of $9.85 billion. These results would represent year-over-year changes of +149.32% and 0%, respectively.
Investors should also note any recent changes to analyst estimates for AngloGold Ashanti. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. AngloGold Ashanti currently has a Zacks Rank of #3 (Hold).
Digging into valuation, AngloGold Ashanti currently has a Forward P/E ratio of 13.69. This denotes a premium relative to the industry average Forward P/E of 13.66.
The Mining - Gold industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 44, this industry ranks in the top 18% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AngloGold Ashanti PLC (AU): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
