AngloGold Ashanti (AU) Outperforms Broader Market: What You Need to Know

Company Performance - AngloGold Ashanti's stock closed at $109.44, reflecting a +1.25% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.41% [1] - The stock has increased by 27.25% over the last month, significantly surpassing the Basic Materials sector's gain of 9.68% and the S&P 500's gain of 0.38% [1] Upcoming Earnings - The company is projected to report earnings of $1.9 per share, indicating a year-over-year growth of 113.48% [2] - Revenue is anticipated to reach $3.03 billion, representing a 73.03% increase from the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at $5.59 per share, reflecting a +152.94% change from the prior year, while revenue is projected to remain at $9.85 billion [3] - Recent changes to analyst estimates for AngloGold Ashanti are important as they reflect short-term business trends, with positive revisions indicating a favorable business outlook [3] Valuation Metrics - The current Forward P/E ratio for AngloGold Ashanti is 13.69, which is a discount compared to the industry average Forward P/E of 15.15 [6] - The Mining - Gold industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 71, placing it in the top 29% of all industries [6] Zacks Rank System - AngloGold Ashanti currently holds a Zacks Rank of 1 (Strong Buy), with a historical average annual return of +25% for stocks rated 1 since 1988 [5] - The Zacks Consensus EPS estimate has shifted 1.11% upward over the past month, indicating positive sentiment [5]