In the latest trading session, AngloGold Ashanti (AU) closed at $102.36, marking a +2.63% move from the previous day. This move outpaced the S&P 500's daily gain of 1.14%. Meanwhile, the Dow gained 0.61%, and the Nasdaq, a tech-heavy index, added 1.69%.
The stock of gold miner has fallen by 8.11% in the past month, lagging the Basic Materials sector's loss of 1.36% and the S&P 500's loss of 2.85%.
Analysts and investors alike will be keeping a close eye on the performance of AngloGold Ashanti in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.88, marking a 42.42% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $2.95 billion, indicating a 24.43% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $8.27 per share and a revenue of $12.19 billion, signifying shifts of +54% and +25.24%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for AngloGold Ashanti. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.9% higher. At present, AngloGold Ashanti boasts a Zacks Rank of #3 (Hold).
In terms of valuation, AngloGold Ashanti is currently trading at a Forward P/E ratio of 12.18. This expresses a discount compared to the average Forward P/E of 12.52 of its industry.
The Mining - Gold industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 205, which puts it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
See Stocks Now >>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 Report
This article originally published on Zacks Investment Research (zacks.com).