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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
VANCOUVER, British Columbia, May 06, 2024 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV:LMS) (OTCQB: LMSQF) provides an update from its 100% owned Organullo Project ("Organullo" or the "Project") where an existing option agreement with AngloGold Argentina Exploraciones S.A. ("AngloGold"), a wholly owned subsidiary of AngloGold Ashanti plc. (NYSE:AU, JSE: ANG))) provides AngloGold with an option to earn up to an 80% interest in the Project. The Company has received data from ...
AngloGold Ashanti plc(AU) - 2023 Q4 - Annual Report
2024-04-25 11:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2024 Commission File Number: 001-41815 | --- | |----------------------------------------------------------------------------| | AngloGold Ashanti plc | | (Translation of registrant's name into English) | | 4 Floor, Communications House th | | South Street Staines-upon-Thames, Surrey TW18 4PR United ...
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 ...
AngloGold Ashanti Releases Preliminary Unaudited Condensed Consolidated Financial Statements as of and for the Six Months and the Year Ended 31 December 2023
Businesswire· 2024-03-19 11:04
LONDON & DENVER & JOHANNESBURG--(BUSINESS WIRE)--AngloGold Ashanti plc (“AngloGold Ashanti”, “AGA” or the “Company”) is pleased to provide its preliminary unaudited condensed consolidated financial statements as of and for the six months and the year ended 31 December 2023 (the “FY 2023 Earnings Release”). FY 2023 Financial and Operating Update The FY 2023 Earnings Release should be read together with AngloGold Ashanti’s preliminary financial update for the six months and the year ended 31 December 2023 ...