AngloGold Ashanti (AU) Is Up 4.04% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: AngloGold Ashanti (AU) - AngloGold Ashanti currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, AU shares increased by 4.04%, while the Zacks Mining - Gold industry rose by 4.55% [5] - In a longer timeframe, AU's monthly price change is 20.98%, outperforming the industry's 8.8% [5] - Over the past quarter, AU shares have surged by 31.89%, and over the last year, they have gained 80.84%, compared to the S&P 500's increases of 1.24% and 22.19% respectively [6] Trading Volume - The average 20-day trading volume for AU is 2,296,454 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, two earnings estimates for AU have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $2.50 to $2.81 [9] - For the next fiscal year, two estimates have also moved upwards without any downward revisions [9] Conclusion - Considering the positive momentum indicators and earnings outlook, AU is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]