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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Anglogold Ashanti ( AU) pushed the Metals & Mining industry higher today making it today's featured metals & mining winner. The industry as a whole closed the day down 1.6%. By the end of trading, Anglogold Ashanti rose 64 cents (2%) to $33.21 on average volume. Throughout the day, 2.4 million shares of Anglogold Ashanti exchanged hands as compared to its average daily volume of 1.8 million shares. The stock ranged in a price between $32.30-$33.29 after having opened the day at $32.50 as compared to the previous trading day's close of $32.57. Other companies within the Metals & Mining industry that increased today were: Entree Gold ( EGI), up 6.8%, China Gerui Advanced Materials Group ( CHOP), up 4.6%, Sutor Technology Group ( SUTR), up 4.3%, and Crosshair Energy ( CXZ), up 4.1%.
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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 $13.4 billion and is part of the basic materials sector. The company has a P/E ratio of 11, below the average metals & mining industry P/E ratio of 12.9 and below the S&P 500 P/E ratio of 17.7. Shares are down 23.3% year to date as of the close of trading on Thursday. Currently there are two analysts that rate 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 revenue growth, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and weak operating cash flow.

On the negative front, United States Antimony Corporation ( UAMY), down 12.3%, Minco Gold Corporation ( MGH), down 9.4%, Comstock Mining ( LODE), down 8.2%, and Thompson Creek Metals Company ( TC), down 7%, were all laggards within the metals & mining industry with Gerdau ( GGB) being today's metals & mining industry laggard.

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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