AngloGold Ashanti Ltd. (AU) was a big mover last session, as its shares rose over 22% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company, as the stock is now down over 13% in the past one-month time frame.
Over the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
AngloGold Ashanti currently carries a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
Better-ranked gold mining stocks include Pretium Resources Inc. (PVG), Lake Shore Gold Corp. (LSG) and Newmont Mining Corporation (NEM). While Pretium Resources sports a Zacks Rank #1 (Strong Buy), Lake Shore Gold and Newmont Mining Corp. carry a Zacks Rank #2 (Buy).
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