We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is AngloGold Ashanti (AU) Stock Outpacing Its Basic Materials Peers This Year?
Read MoreHide Full Article
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has AngloGold Ashanti (AU - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
AngloGold Ashanti is one of 248 individual stocks in the Basic Materials sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. AU is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for AU's full-year earnings has moved 35.64% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, AU has moved about 87.25% on a year-to-date basis. In comparison, Basic Materials companies have returned an average of 2.70%. This means that AngloGold Ashanti is outperforming the sector as a whole this year.
Looking more specifically, AU belongs to the Mining - Gold industry, a group that includes 32 individual stocks and currently sits at #7 in the Zacks Industry Rank. On average, this group has gained an average of 56.05% so far this year, meaning that AU is performing better in terms of year-to-date returns.
Investors in the Basic Materials sector will want to keep a close eye on AU as it attempts to continue its solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is AngloGold Ashanti (AU) Stock Outpacing Its Basic Materials Peers This Year?
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Has AngloGold Ashanti (AU - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
AngloGold Ashanti is one of 248 individual stocks in the Basic Materials sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. AU is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for AU's full-year earnings has moved 35.64% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
According to our latest data, AU has moved about 87.25% on a year-to-date basis. In comparison, Basic Materials companies have returned an average of 2.70%. This means that AngloGold Ashanti is outperforming the sector as a whole this year.
Looking more specifically, AU belongs to the Mining - Gold industry, a group that includes 32 individual stocks and currently sits at #7 in the Zacks Industry Rank. On average, this group has gained an average of 56.05% so far this year, meaning that AU is performing better in terms of year-to-date returns.
Investors in the Basic Materials sector will want to keep a close eye on AU as it attempts to continue its solid performance.