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

Group 1 - AngloGold Ashanti closed at $33.24, with a +0.24% change from the previous day, underperforming the S&P 500 which gained 1.04% [1] - The stock has increased by 22% over the past month, outperforming the Basic Materials sector's gain of 7.68% and the S&P 500's gain of 3.92% [1] - The investment community is closely monitoring the upcoming earnings performance of AngloGold Ashanti, with recent analyst estimate revisions indicating positive sentiment [2] Group 2 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown a strong track record, with 1 rated stocks averaging a +25% annual return since 1988 [4] - AngloGold Ashanti currently holds a Zacks Rank of 1 (Strong Buy), with a consensus EPS projection that has increased by 24.96% in the last 30 days [4] - The company is trading at a Forward P/E ratio of 8.66, which is below the industry average of 11.92, indicating it is undervalued compared to its peers [5] Group 3 - The Mining - Gold industry, which includes AngloGold Ashanti, has a Zacks Industry Rank of 83, placing it in the top 34% of over 250 industries [5] - Research indicates that industries in the top 50% of the Zacks Industry Rank outperform those in the bottom half by a factor of 2 to 1 [6]