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AngloGold Ashanti (AU) Falls More Steeply Than Broader Market: What Investors Need to Know
ZACKS· 2024-07-18 23:21
The latest trading session saw AngloGold Ashanti (AU) ending at $28.63, denoting a -1.07% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a loss of 0.78% for the day. On the other hand, the Dow registered a loss of 1.29%, and the technology-centric Nasdaq decreased by 0.7%.Prior to today's trading, shares of the gold miner had gained 26.65% over the past month. This has outpaced the Basic Materials sector's gain of 1.42% and the S&P 500's gain of 2.14% in that tim ...
Why AngloGold Ashanti (AU) Outpaced the Stock Market Today
ZACKS· 2024-07-10 23:21
In the latest trading session, AngloGold Ashanti (AU) closed at $28.72, marking a +1.27% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 1.02%. Elsewhere, the Dow gained 1.09%, while the tech-heavy Nasdaq added 1.18%.The gold miner's shares have seen an increase of 26.66% over the last month, surpassing the Basic Materials sector's loss of 3.78% and the S&P 500's gain of 4.44%.The upcoming earnings release of AngloGold Ashanti will be of great interest to inv ...
AngloGold Ashanti (AU) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2024-06-18 23:20
Company Performance - AngloGold Ashanti's stock closed at $22.85, reflecting a +0.79% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.25% [1] - The stock has decreased by 12.34% over the past month, underperforming the Basic Materials sector's loss of 6.9% and the S&P 500's gain of 3.34% [1] - Analysts expect earnings of $2.28 per share and revenue of $5.16 billion for the full year, indicating increases of +2172.73% and +12.72% respectively compared to last year [1] Analyst Estimates - Recent modifications to analyst estimates for AngloGold Ashanti indicate evolving short-term business trends, with positive revisions reflecting analysts' confidence in the company's performance [2] - The consensus EPS projection has decreased by 19.72% in the past 30 days, and the company currently holds a Zacks Rank of 4 (Sell) [2] Valuation and Industry Context - AngloGold Ashanti is trading at a Forward P/E ratio of 9.94, which is lower than the industry average Forward P/E of 14.87, suggesting it is trading at a discount [3] - The Mining - Gold industry, part of the Basic Materials sector, has a Zacks Industry Rank of 76, placing it in the top 31% of over 250 industries [3] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, indicating a favorable environment for well-ranked industries [3]
AngloGold Ashanti (AU) Suffers a Larger Drop Than the General Market: Key Insights
Zacks Investment Research· 2024-05-13 22:51
Company Performance - AngloGold Ashanti closed at $24.28, reflecting a -0.41% change from the previous day, underperforming the S&P 500's daily loss of 0.02% [1] - The stock gained 2.22% over the previous month, outperforming the Basic Materials sector, which lost 0.13%, and the S&P 500, which gained 1.29% [1] Upcoming Earnings - The upcoming earnings release is anticipated by investors, with consensus estimates predicting revenue of $1.22 billion, an increase of 18.9% from the prior-year quarter [1] - For the entire year, Zacks Consensus Estimates forecast earnings of $2.84 per share and revenue of $5.5 billion, indicating changes of +2681.82% and +19.93%, respectively, compared to the previous year [1] Analyst Estimates and Rankings - Recent modifications to analyst estimates reflect positive sentiment regarding AngloGold Ashanti's business and profitability, with a 60.45% increase in the Zacks Consensus EPS estimate over the last 30 days [2] - AngloGold Ashanti currently holds a Zacks Rank of 1 (Strong Buy), indicating strong potential for stock price performance [2] Valuation Metrics - The company is trading at a Forward P/E ratio of 8.58, which is a discount compared to the industry's average Forward P/E of 16.5 [3] - The Mining - Gold industry, part of the Basic Materials sector, has a Zacks Industry Rank of 40, placing it in the top 16% of over 250 industries [3]
AngloGold Ashanti (AU) Stock Dips While Market Gains: Key Facts
Zacks Investment Research· 2024-05-07 22:50
AngloGold Ashanti (AU) closed at $23.57 in the latest trading session, marking a -1.13% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.13% for the day. Elsewhere, the Dow saw an upswing of 0.08%, while the tech-heavy Nasdaq depreciated by 0.1%.Shares of the gold miner have appreciated by 1.23% over the course of the past month, outperforming the Basic Materials sector's loss of 1% and the S&P 500's loss of 0.35%.Analysts and investors alike will be keeping a close ...
Latin Metals Receives Positive Results from Airborne Magnetic and Radiometric Survey, Organullo Project, Argentina
Newsfilter· 2024-05-06 12:30
Core Viewpoint - Latin Metals Inc. is advancing its Organullo Project in Argentina, where AngloGold has an option to earn up to an 80% interest, supported by new geophysical survey data indicating promising drill targets [1][6]. Company Overview - Latin Metals is a mineral exploration company focused on acquiring a diversified portfolio of assets in South America, utilizing a Prospect Generator model to minimize costs and secure joint venture partners for exploration funding [8]. Project Details - The Organullo Project features a large-scale graben measuring 5 km across, divided into West Graben and East Graben by the Medial Fault, with historical exploration concentrated on the East Graben near the Julio Verne Mine [4][5]. - Historical drilling in the East Graben has revealed moderate bulk-tonnage gold mineralization, while the West Graben has been largely unexplored, presenting a new opportunity for discovery [4][5]. - AngloGold's exploration has identified advanced argillic alteration over a strike length of more than 6 km in the West Graben, indicating potential for porphyry copper-gold and high-sulphidation epithermal gold deposits [3][5][6]. Exploration Activities - AngloGold has submitted a drill permit application for approximately 12,000 meters of drilling and has completed an airborne geophysical survey that supports the identified drill targets in the West Graben [7][6]. - The airborne survey results show a distinct zone of magnetically complex signatures in the West Graben, contrasting with the flat magnetic signature of the historically drilled East Graben [7].
AngloGold Ashanti plc(AU) - 2023 Q4 - Annual Report
2024-04-25 11:07
[Filing Overview](index=1&type=section&id=Filing%20Overview) This section details the registrant's identity, incorporation, and the specific nature of the SEC filing [Registrant Information](index=1&type=section&id=Registrant%20Information) The report identifies AngloGold Ashanti plc as a foreign private issuer incorporated in England and Wales, with its principal executive office in the UK - Registrant Name: **AngloGold Ashanti plc**[2](index=2&type=chunk) - Principal Executive Office: 4th Floor, Communications House, South Street, Staines-upon-Thames, Surrey, TW18 4PR, United Kingdom[2](index=2&type=chunk) - Incorporation: England and Wales, Registration No. 14654651[3](index=3&type=chunk) - Stock Exchange Listings: NYSE Share code: **AU**, JSE Share code: **ANG**[3](index=3&type=chunk) [Filing Details](index=1&type=section&id=Filing%20Details) This document is a Form 6-K, a report for a foreign private issuer, filed for April 2024 with the U.S. Securities and Exchange Commission - Report Type: Form 6-K, Report of Foreign Private Issuer[1](index=1&type=chunk) - Reporting Period: For the month of April 2024[1](index=1&type=chunk) - Commission File Number: **001-41815**[1](index=1&type=chunk) [Announcement of SEC Filings](index=2&type=section&id=Announcement%20of%20SEC%20Filings) This section announces the filing of the company's 2023 Annual Report on Form 20-F and an amended Half-Year 2023 Form 6-K with the SEC [Overview of Filed Reports](index=2&type=section&id=Overview%20of%20Filed%20Reports) On April 25, 2024, AngloGold Ashanti announced the filing of its 2023 Annual Report on Form 20-F and an amended Half-Year 2023 Form 6-K with the SEC - On Thursday, **25 April 2024**, the company filed its **2023 Annual Report on Form 20-F** with the SEC[3](index=3&type=chunk) - Simultaneously, the company filed an **amended Half-Year 2023 Form 6-K**, which restates unaudited interim financial statements[3](index=3&type=chunk) [Content of Financial Statements](index=2&type=section&id=Content%20of%20Financial%20Statements) The Form 20-F includes audited consolidated financial statements for 2023, with restated financials for 2022 and 2021, while the amended Form 6-K contains restated unaudited interim financials for the six-month periods ended June 30, 2023, and 2022 - The **2023 Form 20-F** includes audited consolidated financial statements for the financial year ended **31 December 2023**[3](index=3&type=chunk) - The report also includes restated audited consolidated financial statements for the financial years ended **31 December 2022 and 2021**[3](index=3&type=chunk) - The amended Half-Year 2023 Form 6-K contains restated unaudited condensed consolidated interim financial statements for the six-month periods ended **30 June 2023 and 2022**[3](index=3&type=chunk) [Availability of Reports](index=2&type=section&id=Availability%20of%20Reports) The filed reports are publicly available on the company's and the SEC's websites, with shareholders able to request free electronic or hard copies - Reports are available online on the company's website (**www.anglogoldashanti.com**) and the SEC's website (**www.sec.gov**)[4](index=4&type=chunk) - Shareholders may request electronic or hard copies of the complete audited financial statements free of charge[4](index=4&type=chunk) - Requests should be sent by email to the Company Secretarial Department at **CompanySecretary@anglogoldashanti.com**[4](index=4&type=chunk) [Corporate Information and Signatures](index=2&type=section&id=Corporate%20Information%20and%20Signatures) This section provides contact information for media and investors, along with details of the report's formal signing [Contact Information](index=2&type=section&id=Contact%20Information) The document provides specific contact information for media and investor relations inquiries - Media Contact: **Andrea Maxey**[4](index=4&type=chunk) - Investor Contacts: **Yatish Chowthee** and **Andrea Maxey**[4](index=4&type=chunk) [Signatures](index=3&type=section&id=Signatures) The report was formally signed and authorized on behalf of AngloGold Ashanti plc on April 25, 2024, by C. Stead, the Company Secretary - The report was duly signed on **April 25, 2024**[5](index=5&type=chunk) - The signatory is **C. Stead**, in the capacity of Company Secretary[5](index=5&type=chunk)
AngloGold Ashanti plc(AU) - 2023 Q4 - Annual Report
2024-04-25 11:01
Table of Contents AU AU/28 As filed with the Securities and Exchange Commission on 25 April 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 O ...
Is AngloGold Ashanti PLC (AU) Outperforming Other Basic Materials Stocks This Year?
Zacks Investment Research· 2024-04-23 14:46
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. AngloGold Ashanti (AU) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.AngloGold Ashanti is a member of the Basic Materials sector. This group includ ...
AngloGold Ashanti (AU) Upgraded to Strong Buy: Here's Why
Zacks Investment Research· 2024-04-22 17:01
AngloGold Ashanti (AU) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The ...