AngloGold Ashanti (AU) Surpasses Market Returns: Some Facts Worth Knowing

Company Performance - AngloGold Ashanti closed at $27.14, with a +0.11% change from the previous session, outperforming the S&P 500's daily gain of 0.08% [1] - Over the past month, shares of AngloGold Ashanti gained 7.88%, while the Basic Materials sector lost 1.43% and the S&P 500 lost 0.21% [1] - The upcoming earnings report is set for August 6, 2024, with projected EPS of $0.51, indicating a 200% increase year-over-year, and revenue expected at $1.23 billion, reflecting a 6.23% rise [1] Annual Estimates - For the annual period, Zacks Consensus Estimates anticipate earnings of $2.29 per share and revenue of $5.08 billion, signifying shifts of +2181.82% and +10.78% respectively from the last year [2] - Recent revisions to analyst forecasts are crucial as they indicate changing business trends, with upward revisions reflecting analysts' positivity towards the company's operations [2] Valuation and Ranking - AngloGold Ashanti currently has a Zacks Rank of 5 (Strong Sell), with a consensus EPS projection moving 3.17% lower in the past 30 days [3] - The company is trading at a Forward P/E ratio of 11.84, which is a discount compared to the industry's average Forward P/E of 15.28 [3] - The Mining - Gold industry holds a Zacks Industry Rank of 51, placing it within the top 21% of over 250 industries [3]