Core Viewpoint - AngloGold Ashanti (AU) shows potential for significant upside, with a mean price target of $32 indicating a 25.8% increase from the current price of $25.44 [1] Price Targets - The average price targets from analysts range from a low of $30 to a high of $34, with a standard deviation of $1.63, suggesting a relatively tight clustering of estimates [2][7] - The lowest estimate indicates a 17.9% increase, while the highest suggests a 33.7% upside [2] Analyst Sentiment - Analysts are optimistic about AU's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which have increased by 11.7% over the last 30 days [10][9] - AU holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [11] Caution on Price Targets - While price targets are a common tool for investors, they can often mislead, as empirical research shows they rarely indicate actual stock price movements [5][6][8] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [6] Conclusion - Despite the skepticism surrounding price targets, the direction implied by the consensus and the strong agreement among analysts regarding earnings revisions suggest a potential upside for AU [12][9]

Their foundational asset wasn't looking like such a precious metal on Monday.Since mankind discovered gold, it has been irresistibly drawn to the lure of the pretty material. Yet that sure wasn't much in evidence on Monday, as the price of the precious metal swooned, followed by those of gold stocks. A great many titles in the sector posted uncomfortable price declines across the day's trading session. When the market closed, Gold Fields (GFI -8.42%) and Iamgold (IAG -8.26%) had both fallen by more than 8%. ...

The most recent trading session ended with AngloGold Ashanti (AU) standing at $29.13, reflecting a +1.53% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.16% gain on the day. Elsewhere, the Dow saw a downswing of 0.37%, while the tech-heavy Nasdaq appreciated by 0.78%. Heading into today, shares of the gold miner had gained 7.74% over the past month, outpacing the Basic Materials sector's loss of 5.21% and the S&P 500's gain of 1.67% in that time. The upcoming earnings r ...

AngloGold Ashanti (AU) has been beaten down lately with too much selling pressure. While the stock has lost 6.7% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator th ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, October 1:AngloGold Ashanti plc (AU) : This gold mining company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.7% over the last 60 days.AngloGold Ashanti's shares gained 6.1% over the last three months compared with the S&P 500’s advanced of 5.2%. The company possesses a Momentum Score of A.Masimo Corporation (MASI) : This healthcare technology c ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:CoreCard Corporation (CCRD) : This financial technology company has seen the Zacks Consensus Estimate for its current year earnings increasing 46.2% over the last 60 days.Great Lakes Dredge & Dock Corporation (GLDD) : This dredging company has seen the Zacks Consensus Estimate for its current year earnings increasing 11.1% over the last 60 days.LSI Industries Inc. (LYTS) : This lighting and display solutions company has seen the Zacks C ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, September 25th:SK Telecom Co., Ltd (SKM) : This wireless telecommunication services company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days.This Zacks Rank #1 company has a dividend yield of 4.5%, compared with the industry average of 1.9%.AngloGold Ashanti Limited (AU) : This gold mining company has witnessed the Zacks Consensus Estimate for i ...

AngloGold Ashanti (AU) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sys ...

For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Is AngloGold Ashanti (AU) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.AngloGold Ashanti is one of 236 companies in the Basic Materials group. The Basic Materials group currently sits at #15 within the Zacks Sector Rank. The Zacks Sector Ra ...

Key TakeawaysAngloGold Ashanti agreed to buy Centamin for $2.5 billion to boost its gold mining portfolio in Africa.AngloGold is paying Centamin shareholders $0.125 in cash and 0.06983 shares in stock.The deal gives AngloGold the largest gold mine in Egypt. Shares of AngloGold Ashanti Plc (AU) tumbled Tuesday after the gold miner announced a deal to buy smaller rival Centamin for $2.5 billion in cash and stock. AngloGold will pay Centamin investors $0.125 in cash and 0.06983 in new AngloGold Ashanti shares ...