In the latest close session, AngloGold Ashanti (AU) was up +1.84% at $74.67. The stock outpaced the S&P 500's daily gain of 0.37%. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, added 0.71%.
The gold miner's stock has climbed by 22.67% in the past month, exceeding the Basic Materials sector's gain of 5.71% and the S&P 500's gain of 4.26%.
Investors will be eagerly watching for the performance of AngloGold Ashanti in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.21, signifying a 116.07% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $2.42 billion, up 62.12% from the year-ago period.
AU's full-year Zacks Consensus Estimates are calling for earnings of $5.31 per share and revenue of $9.01 billion. These results would represent year-over-year changes of +140.27% and +55.59%, respectively.
Investors should also note any recent changes to analyst estimates for AngloGold Ashanti. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 7.06% higher. Right now, AngloGold Ashanti possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that AngloGold Ashanti has a Forward P/E ratio of 13.81 right now. This denotes a discount relative to the industry average Forward P/E of 16.51.
The Mining – Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 62, finds itself in the top 26% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
