Anglogold Ashanti Limited (AU): Today's Featured Metals & Mining Laggard

Anglogold Ashanti ( AU) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day down 0.5%. By the end of trading, Anglogold Ashanti fell 80 cents (-2.3%) to $33.80 on light volume. Throughout the day, 1.5 million shares of Anglogold Ashanti exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in price between $33.80-$34.40 after having opened the day at $34.11 as compared to the previous trading day's close of $34.60. Other companies within the Metals & Mining industry that declined today were: Alexco Resource ( AXU), down 15.9%, Alpha Natural Resources ( ANR), down 8.7%, China Precision Steel ( CPSL), down 8.1%, and USEC ( USU), down 7.5%.

AngloGold Ashanti Limited primarily engages in the exploration and production of gold. It also produces by-products, such as silver, uranium oxide, and sulfuric acid. Anglogold Ashanti has a market cap of $13.21 billion and is part of the basic materials sector. The company has a P/E ratio of 10.9, above the average metals & mining industry P/E ratio of 10.7 and below the S&P 500 P/E ratio of 17.7. Shares are down 18.8% year to date as of the close of trading on Tuesday. Currently there is one analyst that rates Anglogold Ashanti a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Anglogold Ashanti as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

On the positive front, Minco Gold Corporation ( MGH), up 14%, China Gengsheng Minerals ( CHGS), up 10.5%, Quaterra Resources ( QMM), up 8%, and China Natural Resources ( CHNR), up 7.9%, were all gainers within the metals & mining industry with Vale ( VALE) being today's featured metals & mining industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).
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