AngloGold Ashanti (AU) Crumbles: Stock Falls by 6.4%

AngloGold Ashanti Ltd. (AU) saw a big move last session, as the company's shares fell over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for AU as the stock is now down over 25% in the past one-month time frame.

The gold producer has seen a mixed track record. While current year estimate witnessed no revisions over the past few weeks, the consensus for earnings moved lower over the last 30 days. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

AU currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0%.

Some better-ranked stocks in the same sector include Pretium Resources Inc. (PVG), Allied Nevada Gold Corp. (ANV) and Franco-Nevada Corporation (FNV). While Pretium Resources holds a Zacks Rank #1 (Strong Buy), Allied Nevada and Franco-Nevada carry a Zacks Rank #2 (Buy).

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ANGLOGOLD ASHANTI LTD (AU): Free Stock Analysis Report

PRETIUM RESOURCES INC (PVG): Free Stock Analysis Report

ALLIED NEVADA GOLD CORP (ANV): Free Stock Analysis Report

FRANCO NEVADA CORP (FNV): Free Stock Analysis Report

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