AngloGold Ashanti (AU) Exceeds Market Returns: Some Facts to Consider

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]