AngloGold Ashanti Rises 2% as US Benchmarks Slip
The gold miner gained in its latest session, while Zacks estimates point to higher earnings and revenue in its coming report.
AngloGold Ashanti shares closed at $94.63, up 2% in the latest trading session. The S&P 500 fell 0.17%, the Dow lost 0.26% and the Nasdaq slipped 0.09%.
Despite the daily gain, the gold miner’s shares fell 17.41% over the past month. That was a steeper decline than the Basic Materials sector’s 8.27% drop and the S&P 500’s 0.24% loss.
Zacks estimates the company will report earnings of $1.84 per share and revenue of $3.05 billion in its upcoming quarterly results. Those figures would be increases of 39.39% and 28.36%, respectively, from the year-earlier quarter.
For the full year, Zacks consensus estimates call for earnings of $8.16 per share and revenue of $12.27 billion. The estimates represent year-over-year gains of 51.96% and 26.11%.
The Zacks consensus estimate for quarterly earnings per share rose 0.16% over the past 30 days. The company’s earnings disclosure is the next event highlighted in the report.
This article was produced with the help of AI technology.
Source: Yahoo Finance
