AngloGold Ashanti plc-AngloGold Ashanti (AU) Suffers a Larger Drop Than the General Market: Key Insights

Company Performance - AngloGold Ashanti closed at $24.28, reflecting a -0.41% change from the previous day, underperforming the S&P 500's daily loss of 0.02% [1] - The stock gained 2.22% over the previous month, outperforming the Basic Materials sector, which lost 0.13%, and the S&P 500, which gained 1.29% [1] Upcoming Earnings - The upcoming earnings release is anticipated by investors, with consensus estimates predicting revenue of$ 1.22 billion, an increase of 18.9% from the prior-year quarter [1] - For the entire year, Zacks Consensus Estimates forecast earnings of $2.84 per share and revenue of$ 5.5 billion, indicating changes of +2681.82% and +19.93%, respectively, compared to the previous year [1] Analyst Estimates and Rankings - Recent modifications to analyst estimates reflect positive sentiment regarding AngloGold Ashanti's business and profitability, with a 60.45% increase in the Zacks Consensus EPS estimate over the last 30 days [2] - AngloGold Ashanti currently holds a Zacks Rank of 1 (Strong Buy), indicating strong potential for stock price performance [2] Valuation Metrics - The company is trading at a Forward P/E ratio of 8.58, which is a discount compared to the industry's average Forward P/E of 16.5 [3] - The Mining - Gold industry, part of the Basic Materials sector, has a Zacks Industry Rank of 40, placing it in the top 16% of over 250 industries [3]