AngloGold Ashanti (AU) ended the recent trading session at $94.85, demonstrating a +2.13% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.54%. Elsewhere, the Dow gained 1.05%, while the tech-heavy Nasdaq added 0.56%.
The gold miner's shares have seen an increase of 8.49% over the last month, surpassing the Basic Materials sector's gain of 7.23% and the S&P 500's gain of 0.74%.
The upcoming earnings release of AngloGold Ashanti will be of great interest to investors. It is anticipated that the company will report an EPS of $1.9, marking a 113.48% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $3.03 billion, reflecting a 73.03% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.62 per share and a revenue of $9.85 billion, signifying shifts of +154.3% and 0%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AngloGold Ashanti. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 past month, there's been a 1.11% rise in the Zacks Consensus EPS estimate. AngloGold Ashanti is holding a Zacks Rank of #1 (Strong Buy) right now.
From a valuation perspective, AngloGold Ashanti is currently exchanging hands at a Forward P/E ratio of 11.77. This indicates a discount in contrast to its industry's Forward P/E of 12.37.
The Mining - Gold industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 80, this industry ranks in the top 33% of all industries, numbering over 250.
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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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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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