에 대한 최신 뉴스 Anglogold Ashanti (NYSE:AU) 주식

Anglogold Ashanti

Anglogold Ashanti PLC is one of the gold miners. The company also produces silver and sulphuric acid as by-products. Its operating divisions are Africa, Australia, and the Americas. The firm generates a majority of its revenue from the Africa region which includes its operations of the Kibali, Iduapriem, Obuasi, Siguiri, and Geita mines.

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이들 11개 대형주는 지난주 최고의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요?
1. 코인베이스 글로벌(NASDAQ:COIN)의 주식은 비트코인(CRYPTO: BTC)이 67,000달러를 넘은 후 24.85% 상승했다.

코인베이스와 유나이티드 항공은 지난주 최고 성과를 보여준 11개 대형주 중 일부 (10월 14일-18일)

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AUMN

HAYN

MTUS

2024년 5월 10일 주요 뉴스: 1. 앵글로골드 아샨티(NYSE:AU)는 2024년 1분기 연간 금 생산량이 2% 증가했다고 보고했으며, 웨스턴 오스트레일리아의 악천후로 인한 어려움에도 불구하고 연간 생산량 지침을 유지했다.

금요일 주요 광업 뉴스: 앵글로골드 아샨티, 골든 미네랄스, 메탈러스, 헤인스 인터내셔널

LMSQF

MTAL

알파 메탈러지컬(NYSE:AMR)은 2024년 1분기 순이익은 1억 2,700만 달러, 즉 희석 주당 9.59달러, 조정 EBITDA는 1억 8,960만 달러, 매출은 8억 6,400만 달러를 기록했다.최고경영자(CEO) 앤디 아이드슨(Andy Eidson)은 석탄 시장의 약세 조건에도 불구하고 강력한 실적을 이끌어냈다고 언급했으며, 이에 따라 이번 분기 이후로도 시장 악화 조짐이 계속되고 있다고 덧붙였다. 

월요일 주요 광업 뉴스: 알파 메탈러지컬, 메탈스 에퀴지션, 라틴 메탈스, 아이다호 스트래티직

Anglogold Ashanti PLC

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Shares of precious metals stocks are trading lower as gold prices drop amid a rise in the US dollar.

PAAS

Shares of precious metals stocks are trading lower as gold and silver drop amid a rise in the US dollar.

GATO

SAND

Shares of metals and materials companies are trading lower. The sector may be reacting to China's recent stimulus efforts which have struggled to buoy the economy and business conditions.

Guidance

AngloGold Ashanti Q3 Adjusted EBITDA $746M, Up 339% Y/Y; Reaffirms Full-year Guidance For Gold Production, Costs And Capital Expenditure

Anglogold Ashanti's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) short percent of float has risen 12.44% since its last report. The company recently reported that it has 8.33 million shares sold short, which is 2.26% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.53 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Anglogold Ashanti Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730905220_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Anglogold Ashanti has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Anglogold Ashanti's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Anglogold Ashanti's peer group average for short interest as a percentage of float is 3.70%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(AU) - Analyzing Anglogold Ashanti's Short Interest

Shares of gold and silver companies are trading higher. Precious metals have recently gained on macro uncertainty amid Middle East conflict and the upcoming US presidential election.

Shares of precious metals stocks are trading higher as gold and silver rise amid macro uncertainty, which has been attributed to Middle East conflict and the upcoming US presidential election.

These eleven large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) stock gained 24.85% last week after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com//node/41386011" target="_blank" rel="noreferrer noopener">rose above $67,000</a>.</li>
<li>United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) stock jumped 19.98% after the company reported better-than-expected&nbsp;fourth-quarter results and announced a&nbsp;$1.5 billion&nbsp;buyback program. Several analysts<a href="https://www.benzinga.com//node/41387797" target="_blank" rel="noreferrer noopener"> changed their price targets</a>.</li>
<li>Gold Fields Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>) stock upped 17.01%.</li>
<li>Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) stock grew 13.18% following a&nbsp;third-<a href="https://www.benzinga.com//node/41326902" target="_blank" rel="noreferrer noopener">quarter earnings beat</a>.</li>
<li>Cameco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>) stock was up 12.99%, probably due to strength in nuclear names. The stock rose after Amazon Web Services announced plans to invest <a href="https://www.benzinga.com//node/41358363" target="_blank" rel="noreferrer noopener">over&nbsp;$500 million&nbsp;in nuclear power</a>.</li>
<li>SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) stock gained 12.99% after the company announced a <a href="https://www.benzinga.com//node/41313080" target="_blank" rel="noreferrer noopener">$2 billion loan platform</a> business agreement for personal loans with funds managed by affiliates of Fortress Investment Group.</li>
<li>Blackstone Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) stock increased 12.62% after multiple analysts raised their price targets following the company&#8217;s <a href="https://www.benzinga.com//node/41405312" target="_blank" rel="noreferrer noopener">recent&nbsp;third-quarter earnings report</a>.</li>
<li>The Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) shares rose 12.20% after reporting better-than-expected&nbsp;<a href="https://www.benzinga.com//node/41379650" target="_blank" rel="noreferrer noopener">third-quarter&nbsp;results</a>.</li>
<li>Snap-On Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) shares were up 11.75% after the company reported better-than-<a href="https://www.benzinga.com//node/41380823" target="_blank" rel="noreferrer noopener">expected&nbsp;third-quarter results</a>.</li>
<li>AngloGold Ashanti PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) stock increased 11.59%, probably owing to a rise in the price of gold and silver.</li>
<li>Blue Owl Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>) shares were up 11.45%. The company, along with Crusoe and Primary Digital Infrastructure, formed a $3.4 billion joint venture to develop AI data centers.</li>
</ol>
Also Read:
<ul>
<li><a href="https://www.benzinga.com//node/41418999">NIO, ASML, And CVS Health Are Among Top 10 Large Cap Losers Last Week (Oct 14-18): Are The Others In Your Portfolio?</a></li>
</ul>
Photo by Useacoin on Shutterstock

Coinbase, United Airlines And Sofi Tech Are Among Top 11 Large Cap Gainers Last Week (Oct 14-18): Are The Others In Your Portfolio?

SSRM

Shares of precious metals stocks are trading higher amid a rise in the price of gold and silver.

AngloGold Ashanti shares are trading higher after JP Morgan raised its price target on the stock from $32 to $37.

JP Morgan analyst Patrick Jones maintains Anglogold Ashanti (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) with a Overweight and raises the price target from $32 to $37.

Price Target

Analyst Ratings

JP Morgan Maintains Overweight on Anglogold Ashanti, Raises Price Target to $37

RGLD

Shares of gold companies are trading higher following a spike in the price of the safe haven asset after Iran launched a missile attack on Israel.

Shares of precious metals stocks are trading lower amid a drop in the price of gold.

Shares of precious metals companies are trading lower amid a pullback in gold and silver.

Shares of gold companies are trading higher after the price of the commodity reached all-time highs following last week's Fed rate cut.

AngloGold Ashanti (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/au#NYSE">AU</a>) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company&#39;s changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
As such, the Zacks rating upgrade for AngloGold Ashanti is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
<h2>Most Powerful Force Impacting Stock Prices</h2>
The change in a company&#39;s future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That&#39;s partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company&#39;s shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For AngloGold Ashanti, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company&#39;s underlying business. And investors&#39; appreciation of this improving business trend should push the stock higher.
<h2>Harnessing the Power of Earnings Estimate Revisions</h2>
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
<h2>Earnings Estimate Revisions for AngloGold Ashanti</h2>
This gold miner is expected to earn $2.58 per share for the fiscal year ending December 2024, which represents a year-over-year change of 2445.5%.
Analysts have been steadily raising their estimates for AngloGold Ashanti. Over the past three months, the Zacks Consensus Estimate for the company has increased 9.1%.
<h2>Bottom Line</h2>
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of &#39;buy&#39; and &#39;sell&#39; ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a &#39;Strong Buy&#39; rating and the next 15% get a &#39;Buy&#39; rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
The upgrade of AngloGold Ashanti to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
<a href="https://www.zacks.com/stock/news/2340055/what-makes-anglogold-ashanti-au-a-new-strong-buy-stock?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2340055">To read this article on Zacks.com click here.</a>

Upgrades

Markets

What Makes AngloGold Ashanti a New Strong Buy Stock

Shares of precious metals stocks are trading higher as gold and silver rise after the Fed on Wednesday cut rates by 50 basis points.

Shares of gold stocks are trading higher in sympathy with overall market sentiment after the Fed policy decision to cut rates by 50 basis points.

AngloGold Ashanti shares are trading lower after the company announced it will acquire Centamin for $2.5 billion.

AngloGold Ashanti (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) has announced an intent to acquire Centamin (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CELTF#OTC">CELTF</a>) in an all-share deal valued at $2.5 billion. The combined entity will be the <a target="_blank" href="https://www.benzinga.com/topic/gold" rel="noreferrer noopener">fourth-largest gold producer</a> globally.
"This transaction will add a Tier 1 asset to our portfolio and is accretive from day one," <a target="_blank" href="https://www.anglogoldashanti.com/investors/centamin-offer/" rel="noreferrer noopener">said</a> AngloGold CEO Alberto Calderon. The acquisition focuses on Centamin's flagship asset, the Sukari gold mine, located in Egypt.
The Sukari mine is considered a Tier 1 asset, having produced over 5.9 million ounces of gold since its launch in 2009. It has a consistent output and low-cost structure with all-in-sustaining costs at $1,290 per ounce.
The mine is also known for its long life, with reserves estimated to last another 20 years, ensuring both companies' ongoing production and financial stability.
Now read:<a target="_blank" href="https://www.benzinga.com/news/24/09/40775207/canada-nickel-receives-500m-loan-interest-from-government-agency-for-ontario-project" rel="noreferrer noopener"> Canada Nickel Receives $500M Loan Interest From Government Agency For Ontario Project</a>
Per the deal's terms, Centamin shareholders will receive 0.06983 of a new AngloGold share and $0.125 in cash for each Centamin share, implying a 163 pence ($2.14) per share offer. This represents a 36.7% premium to Centamin's closing price of 120 pence before the announcement.
The transaction is valued at 2.5 billion, and following completion, Centamin shareholders will hold 16.4% of the enlarged AngloGold Ashanti. AngloGold also expects the deal to be free cash flow accretive in its first full year and net asset value accretive immediately, further boosting its financial performance.
The acquisition adds Sukari's 450,000 annual gold ounces to AngloGold's output, pushing its production above 3 million ounces annually. By adding a Tier 1 mine in yet another jurisdiction and enhancing its position on the market, AngloGold is joining the ranks of top diversified gold producers like Newmont, Barrick, and Agnico Eagle.
Centamin shareholders will benefit from an upfront cash return and the opportunity to participate in a larger, more diversified gold producer with increased trading liquidity. The deal's predominantly equity-based structure also ensures balance sheet stability for AngloGold as it continues to fund its growth plans.
Centamin's board has expressed unanimous support for the transaction, with directors committing to recommend the deal to shareholders. Subject to shareholder and regulatory approvals, the acquisition is expected to be finalized in the coming months.
Also read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40752987/why-this-dakota-gold-analyst-believes-jb-gold-zone-will-be-the-main-valuation-drive" target="_blank" rel="noreferrer noopener">Why This Dakota Gold Analyst Believes JB Gold Zone Will Be The ‘Main Valuation Driver'</a></li>
</ul>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com" target="_blank" rel="noreferrer noopener">licensing@benzinga.com</a> to get started!
Image via Shutterstock

CELTF

AngloGold Ashanti To Acquire Centamin For $2.5B To Become Fourth Largest Gold Producer

Anglogold Ashanti PLC (AU) has released an update. AngloGold Ashanti has reported a robust third quarter in 2024, highlighted by its strongest gold...

AngloGold Ashanti's Q3 Growth and Centamin Acquisition

Anglogold Ashanti PLC (AU) has released an update. AngloGold Ashanti and Gold Fields are progressing with their proposed joint venture to combine t...

AngloGold Ashanti and Gold Fields Await Ghana JV Approval

Gold Fields and AngloGold Ashanti (AU) agreed key terms for a proposed joint venture between Gold Fields' Tarkwa Mine and AngloGold Ashanti's Iduap...

AngloGold Ashanti and AngloGold Ashanti provide update on proposed joint venture

AngloGold jumps after Q3 swings to profit on higher gold price; Ghana JV still on hold

Anglogold Ashanti PLC ( ($AU) ) has released its Q3 earnings. Here is a breakdown of the information Anglogold Ashanti PLC presented to its investo...

AngloGold Ashanti Reports Strong Q3 2024 Performance

As market uncertainty escalates due to geopolitical tensions and economic instability, gold continues to shine as a reliable safe haven asset. With increasing industrial demand and expectations for price appreciation, investing in gold stocks, AngloGold Ashanti (AU), Agnico Eagle Mines (AEM), and Barrick Gold (GOLD) could provide a strategic safeguard. Read on… Gold has a longstanding reputation as a safe haven asset. As market volatility increases and industrial demand grows, gold continues to be viewed as a secure investment option, leading to expectations of further price appreciation.
That said, investing in gold stocks, AngloGold Ashanti plc (<a href="https://stocknews.com/stock/AU/">AU</a>), Agnico Eagle Mines Limited (<a href="https://stocknews.com/stock/AEM/">AEM</a>) and Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>), could offer significant advantages. These companies' resilience amid market fluctuations positions them well to capitalize on gold's rising value.
As the election season heats up, it's anticipated that the markets will experience heightened uncertainty, a phenomenon that usually accompanies Presidential election cycles. This year, however, experts expect a degree of market volatility unseen <a href="https://www.forbes.com/sites/jasonschenker/2024/10/14/us-presidential-election-outcome-uncertainty-could-roil-markets/">since the year 2000</a>, adding weight to the economic climate's unpredictability.
Further fueling this uncertain environment are the ongoing conflicts in the Middle East and the Ukraine-Russia crisis. The geopolitical tensions are injecting instability into global markets, intensifying concerns for investors. However, during periods of economic uncertainty, investors traditionally flock to gold, prized for its historical resilience.
Gold serves as <a href="https://www.investopedia.com/financial-edge/0311/what-drives-the-price-of-gold.aspx#:~:text=Gold%20is%20often%20considered%20a%20safe%20haven%20for,against%20economic%20events%20like%20currency%20devaluation%20or%20inflation.">a "safe haven" asset</a>, offering financial security when other investments falter. For many, it remains a preferred safeguard amid political upheaval and economic instability. This sentiment has driven gold's exceptional performance in 2024, with prices reaching unprecedented levels.
In March, the price per ounce surged to $2,160, an 8% increase from December 2023. This upward trajectory marked the beginning of gold's remarkable rally, fueled by strong investor demand and market fears. The trend continued through the year, with gold setting record highs almost monthly.
The price now hovers <a href="https://www.msn.com/en-us/money/other/gold-prices-are-closing-in-on-2-800-should-you-buy-in-now/ar-AA1sFcnR?ocid=BingNewsVerp">near $2,800 per ounce</a>, a testament to the commodity's enduring allure. Many analysts expect this rally to extend further, with predictions that gold could reach $3,000 per ounce by year's end.
Gold's value isn't solely anchored in its role as a safe investment. Increasingly, it's used across industries such as electronics and healthcare, where technological advancements rely on gold's unique properties. This surge in industrial demand promises further price support, cementing gold's role as a versatile asset.
Given these trends, let's dive deep into the fundamentals of three <a href="https://stocknews.com/category/gold-miners/">Miners – Gold</a> stocks, beginning with #3.
Stock #3: AngloGold Ashanti plc (<a href="https://stocknews.com/stock/AU/">AU</a>)
AU is a prominent gold mining company operating across Africa, Australia, and the Americas. The company focuses on gold exploration and also produces silver and sulphuric acid as by-products. Its key asset is the Geita mine, fully owned and located in the Lake Victoria goldfields of Tanzania's Mwanza region.
AU's trailing-12-month EBITDA margin of 30.09% is 81.9% higher than the industry average of 16.54%. Its trailing-12-month EBIT margin of 17.44% is 62% higher than the sector average of 10.77%. Likewise, the stock's ROTC of 8.74% is 74.6% higher than the industry average of 5%.
For the fiscal 2024 second quarter that ended on June 30, AU's revenue from product sales increased 19.3% year-over-year to $1.38 billion. Its <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> grew 84.6% from the year-ago value to $467 million.
Moreover, the company's profit for the period and earnings per ordinary share came in at $262 million and $0.60, compared to a net loss and loss per share of $81 million and $0.20 in the prior year's quarter, respectively.
Analysts expect AU's revenue for the fiscal year ending December 2025 to increase 15.4% year-over-year to $6.57 billion. Its EPS for the same period is expected to rise 5.6% from the prior year to $2.92.
Shares of AU have surged 36.7% over the past six months and 60.4% over the past year to close the last trading session at $29.97.
AU's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
AU has an A grade for Growth and a B for Quality. It is ranked #15 out of 42 stocks within the B-rated <a href="https://stocknews.com/category/gold-miners/">Miners – Gold</a> industry.
To check AU's ratings for Sentiment, Value, Momentum, and Stability, <a href="https://stocknews.com/stock/AU/">click here</a>.
Stock #2: Agnico Eagle Mines Limited (<a href="https://stocknews.com/stock/AEM/">AEM</a>)
AEM, based in Toronto, Canada, produces precious metals from its diverse operations in Canada, Australia, Finland, and Mexico. It has a robust pipeline of exploration and development projects across these regions, as well as in the United States. Notable operations include the Canadian Malartic Complex, Detour Lake, and Fosterville.
On June 24, AEM <a href="https://www.agnicoeagle.com/English/investor-relations/news-and-events/news-releases/news-release-details/2024/AGNICO-EAGLE-ANNOUNCES-ADDITIONAL-INVESTMENT-IN-MAPLE-GOLD-MINES-LTD/default.aspx">announced the acquisition</a> of 33,821,842 common shares of Maple Gold Mines Ltd. at a price of $0.085 per share, for a transaction value of approximately $2.87 million. The acquisition could enhance AEM's investment in resource assets and support its long-term growth in the mining sector.
On June 19, AEM <a href="https://www.agnicoeagle.com/English/investor-relations/news-and-events/news-releases/news-release-details/2024/AGNICO-EAGLE-RELEASES-DETOUR-LAKE-PROPOSED-UNDERGROUND-MINING-PLAN-DEMONSTRATING-STRONG-RETURNS-AND-PATHWAY-TO-ANNUAL-GOLD-PRODUCTION-OF-ONE-MILLION-OUNCES/default.aspx">provided an update</a> on the Detour Lake mine in Ontario, where it plans to initiate a conversion and expansion drill program targeting the western plunge of the mineralization. With a long mineral reserve life and substantial production base at both Detour Lake and Canadian Malartic, AEM is expected to strengthen its production profile and potentially ensure sustained value for years ahead.
AEM's trailing-12-month gross profit margin of 57.76% is 103.8% higher than the industry average of 28.3%. The stock's trailing-12-month levered FCF margin of 18.30% is 261.1% higher than the sector average of 5.07%. Additionally, its trailing-12-month EBITDA margin of 49.97% is 202.1% higher than the 16.54% industry average.
For the fiscal second quarter that ended on June 30, 2024, AEM's revenues from mining operations increased 20.9% year-over-year to $2.08 billion. Its adjusted EBITDA grew 32.9% from the year-ago value to $1.18 billion.
Plus, the company's adjusted net income for the period rose 68.3% from the prior year's quarter to $535.27 million. Meanwhile, AEM's adjusted net income per share came in at $1.07, up 67.2% year-over-year.
Street expects AEM's revenue and EPS for the fiscal third quarter (ended September 2024) to grow 28.7% and 133% year-over-year to $2.11 billion and $1.03, respectively. Moreover, the company topped the consensus revenue and EPS estimates in each of the trailing four quarters, which is noteworthy.
AEM's shares have surged 38.1% over the past six months and 77.9% over the past year to close the last trading session at $87.93.
AEM's solid prospects are projected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
AEM has an A grade for Sentiment and a B for Growth. It is ranked #12 within the same industry.
<a href="https://stocknews.com/stock/AEM/">Click here</a> to see AEM's ratings for Quality, Value, Momentum, and Stability.
Stock #1: Barrick Gold Corporation (<a href="https://stocknews.com/stock/GOLD/">GOLD</a>)
GOLD, headquartered in Toronto, Canada, explores, develops, produces, and sells gold and copper properties both in Canada and internationally. The company further explores and sells silver and energy materials. Its key operations encompass Nevada Gold Mines, Bulyanhulu, Hemlo, and several others across various countries.
On October 16, GOLD reported <a href="https://www.barrick.com/English/news/news-details/2024/barrick-reports-q3-preliminary-production-results-with-continued-improvement-at-pueblo-viejo/default.aspx">preliminary third-quarter production</a> of 943,000 ounces of gold and 48,000 tonnes of copper, with sales reaching 967,000 ounces of gold and 42,000 tonnes of copper. This performance, along with a projected stronger fourth quarter, is expected to help GOLD meet its full-year production goals, bolstering its revenue outlook.
On October 2, GOLD <a href="https://www.barrick.com/English/news/news-details/2024/lumwana-super-pit-expansion-officially-launched/default.aspx">announced the launch</a> of a $2 billion Super Pit project at its Lumwana copper mine, inaugurated by Zambian President Hakainde Hichilema. Expected to begin construction in 2025, the development could grow GOLD's copper output, strengthening its asset base and supporting long-term growth in the copper market.
GOLD's trailing-12-month EBITDA margin of 44.69% is 170.2% higher than the industry average of 16.54%. Its trailing-12-month levered FCF margin of 8.53% is 68.3% higher than the sector average of 5.1%. Furthermore, the stock's trailing-12-month net income margin of 12.78% is 156.9% higher than the 4.98% industry average.
GOLD's revenues for the fiscal 2024 second quarter, which ended June 30, increased 11.6% year-over-year to $3.16 billion. Its attributable EBITDA grew 30.5% from the year-ago value to $1.29 billion. Furthermore, the company's adjusted net earnings and adjusted net earnings per share rose 65.8% and 68.4% from the prior year's period to $557 million and $0.32, respectively.
The consensus revenue estimate of $3.34 billion for the fiscal third quarter (ended September 2024) reflects a year-over-year rise of 16.6%. Its EPS for the same period is expected to increase 31.4% from the prior year to $0.32. Moreover, the company has surpassed the consensus EPS estimates in all four trailing quarters.
GOLD's stock has surged 23% over the past six months and 30.8% over the past nine months to close the last trading session at $20.32.
GOLD's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has a B grade for Sentiment and Quality. GOLD is ranked #10 out of 42 stocks within the Miners – Gold industry.
<a href="https://stocknews.com/stock/GOLD/">Click here</a> to check out additional GOLD ratings for Growth, Value, Stability, and Momentum.
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AEM shares fell $1.78 (-2.02%) in premarket trading Friday. Year-to-date, AEM has gained 63.40%, versus a 23.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/aem-gold-au-3-gold-stocks-to-hedge-against-market-uncertainty-45021328/>3 Gold Stocks to Hedge Against Market Uncertainty</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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