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Has AngloGold Ashanti (AU) Outpaced Other Basic Materials Stocks This Year?

Zacks Equity Research
·2 min read

Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Has AngloGold Ashanti (AU) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.

AngloGold Ashanti is a member of the Basic Materials sector. This group includes 237 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. AU is currently sporting a Zacks Rank of #2 (Buy).

Over the past three months, the Zacks Consensus Estimate for AU's full-year earnings has moved 13.46% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Our latest available data shows that AU has returned about 4.30% since the start of the calendar year. In comparison, Basic Materials companies have returned an average of -0.89%. This shows that AngloGold Ashanti is outperforming its peers so far this year.

Breaking things down more, AU is a member of the Mining - Gold industry, which includes 33 individual companies and currently sits at #159 in the Zacks Industry Rank. Stocks in this group have gained about 29.29% so far this year, so AU is slightly underperforming its industry this group in terms of year-to-date returns.

AU will likely be looking to continue its solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to the company.


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