AngloGold Ashanti (AU) Increases Despite Market Slip: Here's What You Need to Know

Company Performance - AngloGold Ashanti closed at $91.25, reflecting a +1.49% increase from the previous day, outperforming the S&P 500 which saw a loss of 0.03% [1] - Over the past month, shares of AngloGold Ashanti gained 1.12%, underperforming the Basic Materials sector's gain of 9.22% and the S&P 500's gain of 2.57% [1] Earnings Expectations - Analysts expect AngloGold Ashanti to report earnings of $1.9 per share, indicating a year-over-year growth of 113.48% [2] - The consensus estimate for quarterly revenue is $3.03 billion, up 73.03% from the same period last year [2] - For the full year, earnings are projected at $5.51 per share and revenue at $9.85 billion, representing increases of +149.32% and +70.08% respectively from the prior year [3] Analyst Estimates and Stock Performance - Recent modifications to analyst estimates for AngloGold Ashanti are crucial as they reflect changing business trends, with positive revisions indicating confidence in performance [4] - The Zacks Rank system, which assesses these estimate changes, currently ranks AngloGold Ashanti at 3 (Hold) [6] - Over the past month, the Zacks Consensus EPS estimate has decreased by 3.51% [6] Valuation Metrics - AngloGold Ashanti has a Forward P/E ratio of 16.33, which is lower than the industry average Forward P/E of 17.73 [7] - The Mining - Gold industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 47, placing it in the top 20% of over 250 industries [7]