AngloGold Ashanti (AU) Ascends But Remains Behind Market: Some Facts to Note

In the latest trading session, AngloGold Ashanti (AU) closed at $33.24, marking a +0.24% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 1.04% for the day. Meanwhile, the Dow experienced a rise of 0.77%, and the technology-dominated Nasdaq saw an increase of 1.51%.Shares of the gold miner witnessed a gain of 22% over the previous month, beating the performance of the Basic Materials sector with its gain of 7.68% and the S&P 500's gain of 3.92%.The investment community will be paying close attention to the earnings performance of AngloGold Ashanti in its upcoming release.It's also important for investors to be aware of any recent modifications to analyst estimates for AngloGold Ashanti. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 24.96% higher. AngloGold Ashanti currently has a Zacks Rank of #1 (Strong Buy).In the context of valuation, AngloGold Ashanti is at present trading with a Forward P/E ratio of 8.66. For comparison, its industry has an average Forward P/E of 11.92, which means AngloGold Ashanti is trading at a discount to the group.The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 83, placing it within the top 34% of over 250 industries.The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AngloGold Ashanti PLC (AU): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks