AngloGold Ashanti (AU) stock closed down 1.95%, but has potential for growth

From Nasdaq: 2024-05-31 18:00:09

AngloGold Ashanti (AU) closed at $24.19, down 1.95% from the previous session, trailing behind the S&P 500 and Dow but outperforming the Nasdaq. The stock gained 6.61% in the past month, exceeding the Basic Materials sector and S&P 500. Revenue estimate for the upcoming quarter is $1.22 billion, showing an 18.9% rise.

Analysts predict AU’s earnings at $2.84 per share and revenue at $5.5 billion for the full year, with year-over-year increases of 2681.82% and 19.93%, respectively. Recent analyst revisions towards positivity reflect evolving business trends. The Zacks Rank of #1 (Strong Buy) highlights this potential, with AU’s Forward P/E ratio at 8.69.

The Mining – Gold industry, part of the Basic Materials sector, currently ranks 13 out of 250+ industries. Top 50% rated industries tend to outperform the bottom half by a 2 to 1 ratio. Investors can track these metrics and industry trends on Zacks.com. Additionally, experts mention 7 elite stocks with potential for early price growth.



Read more at Nasdaq: AngloGold Ashanti (AU) Stock Declines While Market Improves: Some Information for Investors