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Anglogold Ashanti PLC
(NYSE:AU)
Anglogold Ashanti PLC (AU) vs. SPDR S&P 500 ETF (SPY)
Anglogold Ashanti PLC Business Overview & Revenue Model
Anglogold Ashanti PLC Earnings Call Summary
Anglogold Ashanti PLC Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.89B | 5.79B | 4.58B | 4.50B | 4.03B |
| Gross Profit | 4.60B | 2.07B | 1.03B | 1.13B | 1.17B |
| EBITDA | 5.48B | 2.58B | 872.00M | 1.25B | 1.23B |
| Net Income | 2.64B | 1.00B | -235.00M | 233.00M | 614.00M |
Balance Sheet | |||||
| Total Assets | 15.08B | 13.16B | 8.18B | 8.01B | 8.01B |
| Cash, Cash Equivalents and Short-Term Investments | 2.93B | 1.43B | 964.00M | 1.11B | 1.15B |
| Total Debt | 2.44B | 2.15B | 2.42B | 2.17B | 2.09B |
| Total Liabilities | 5.16B | 4.64B | 4.43B | 3.94B | 3.91B |
| Stockholders Equity | 8.09B | 6.63B | 3.71B | 4.04B | 4.05B |
Cash Flow | |||||
| Free Cash Flow | 3.10B | 878.00M | -71.00M | 257.00M | 196.00M |
| Operating Cash Flow | 4.71B | 1.97B | 971.00M | 1.80B | 1.22B |
| Investing Cash Flow | -1.27B | -762.00M | -897.00M | -1.56B | -1.01B |
| Financing Cash Flow | -1.94B | -727.00M | -87.00M | -224.00M | -345.00M |
Anglogold Ashanti PLC Technical Analysis
Anglogold Ashanti PLC Risk Analysis
Anglogold Ashanti PLC Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $48.83B | 16.43 | 35.18% | 2.82% | 26.43% | ― | |
76 Outperform | $13.45B | 19.33 | 19.56% | ― | 72.94% | ― | |
75 Outperform | $42.16B | 10.92 | 50.82% | 1.51% | 49.62% | 195.39% | |
74 Outperform | $21.23B | 33.10 | 10.92% | 0.77% | 28.11% | 66.85% | |
72 Outperform | $119.87B | 15.59 | 21.72% | 0.95% | 26.25% | ― | |
71 Outperform | $9.66B | 5.53 | 32.51% | 0.87% | 29.08% | 72.12% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
Anglogold Ashanti PLC Corporate Events
On 9 March 2026, AngloGold Ashanti disclosed that executive officer Stewart Bailey received 33,814 ordinary shares off-market at no cost under the company’s 2023 Deferred Share Plan. The vested shares form part of his deferred compensation, reflecting AngloGold Ashanti’s ongoing use of equity-based incentives to align management rewards with shareholder interests.
Also on 9 March 2026, Bailey sold 33,814 ordinary shares on-market at an average price of R1,736.6156, totaling about R58.7 million, partly to cover tax liabilities arising from the vesting. After these transactions, he retains 121,042 shares plus unvested rights to 70,202 shares under the Performance Share Plan, a level of continuing exposure that maintains his financial alignment with the company’s future performance.
The most recent analyst rating on (AU) stock is a Buy with a $120.00 price target. To see the full list of analyst forecasts on Anglogold Ashanti PLC stock, see the AU Stock Forecast page.
On 6 March 2026, AngloGold Ashanti’s chief executive Alberto Calderon and chief financial officer Gillian Doran received ordinary shares that vested under the company’s 2023 Deferred Share Plan. The awards formed part of their long-term incentive structures, designed to align executive compensation with shareholder returns and the miner’s operational performance.
Both executives subsequently sold a portion of these shares on-market the same day solely to fund tax liabilities arising from the vesting. Following the trades, AngloGold Ashanti highlighted that Calderon and Doran still retain substantial direct holdings and unvested performance share awards, underscoring continued management equity exposure and signalling ongoing alignment with investor interests.
The most recent analyst rating on (AU) stock is a Buy with a $120.00 price target. To see the full list of analyst forecasts on Anglogold Ashanti PLC stock, see the AU Stock Forecast page.
AngloGold Ashanti plc disclosed share dealings by executive officers Lisa Ali and Lizelle Marwick linked to the vesting of awards under the company’s 2023 Deferred Share Plan. On 4 March 2026, Ali received 21,066 ordinary shares off‑market for nil consideration, then sold 45,856 shares on‑market at a weighted average price of $113.9223, largely to cover associated tax liabilities.
Following these transactions, Ali still holds 69,214 share incentive awards and 90,990 unvested Performance Share Plan shares, underscoring continued equity alignment with shareholders. Marwick received 30,043 vested shares on 4 March 2026 and subsequently sold 3,088 shares in New York on 4 March and 8,028 shares on the JSE on 5 March to fund tax obligations, and she retains 94,418 shares and awards plus 71,113 unvested performance shares, signalling that the sales are primarily administrative rather than a shift in executive confidence.
The most recent analyst rating on (AU) stock is a Buy with a $107.00 price target. To see the full list of analyst forecasts on Anglogold Ashanti PLC stock, see the AU Stock Forecast page.
On 3 March 2026, AngloGold Ashanti plc disclosed that executive officer Marcelo Pereira received 4,733 ordinary shares off-market at no cost, following the vesting of awards under the 2023 Deferred Share Plan and Restricted Stock Unit scheme. On the same day, he sold the entire 4,733-share allotment on-market at a weighted average price of about US$110.87 per share, raising roughly US$524,769 before fees, mainly to cover associated tax obligations, while still retaining substantial unvested and incentive share awards, underscoring ongoing alignment between executive remuneration and shareholder interests.
The most recent analyst rating on (AU) stock is a Buy with a $107.00 price target. To see the full list of analyst forecasts on Anglogold Ashanti PLC stock, see the AU Stock Forecast page.
AngloGold Ashanti plc disclosed that executive officer Marcelo Godoy received 25,745 ordinary shares on February 27, 2026, through the off‑market vesting of awards under the company’s 2023 Deferred Share Plan, at no consideration, as part of his remuneration package. On the same day he sold 9,526 of these vested shares on‑market at a weighted average price of about US$126.69 per share, for a total value of approximately US$1.21 million, mainly to cover associated tax obligations, in a routine transaction that slightly adjusts his direct beneficial holding but does not signal any change to the company’s operating strategy.
The most recent analyst rating on (AU) stock is a Hold with a $134.00 price target. To see the full list of analyst forecasts on Anglogold Ashanti PLC stock, see the AU Stock Forecast page.
On 23 February 2026, AngloGold Ashanti granted its executive directors and executive officers conditional awards of Performance Stock Units, Restricted Stock Units and Transition share awards under its 2024 Omnibus Incentive Compensation Plan. The awards, struck at nil cost and calculated using a six‑month trailing VWAP of $74.49 per share to 31 January 2026, will vest between 2028 and 2029, with PSUs subject to a three‑year performance period and RSUs vesting in three equal annual tranches.
The Transition share awards, which are based on backward‑looking performance to 31 December 2025 and represent the final grants under the legacy structure, will vest in 2028 for executive officers and 2029 for executive directors. The move underscores AngloGold Ashanti’s shift from a historic, backward‑looking incentive model to a forward‑looking plan, further aligning top management’s remuneration with long‑term performance and shareholder interests.
The most recent analyst rating on (AU) stock is a Buy with a $131.00 price target. To see the full list of analyst forecasts on Anglogold Ashanti PLC stock, see the AU Stock Forecast page.
AngloGold Ashanti reported record results for 2025 on 20 February 2026, with free cash flow tripling to $2.9bn and Adjusted EBITDA more than doubling to $6.3bn, driven by a 16% rise in gold production to 3.1Moz and a 45% higher average gold price received. Total cash costs rose 7% mainly due to higher royalties, but were flat in real terms at managed operations, while the company strengthened its balance sheet to an Adjusted net cash position of $879m, declared a record $1.8bn in dividends for 2025, improved safety to its best-ever TRIFR, expanded gold reserves by 17%, and doubled payments to host governments to $2.66bn, underscoring its stronger financial position and growing stakeholder impact.
The most recent analyst rating on (AU) stock is a Buy with a $107.00 price target. To see the full list of analyst forecasts on Anglogold Ashanti PLC stock, see the AU Stock Forecast page.
AngloGold Ashanti reported unaudited operating statistics for the three months and year ended 31 December 2025, showing group gold production of 799,000 ounces in the fourth quarter and 3.091 million ounces for the full year, up from 750,000 and 2.661 million ounces in 2024. The figures highlight particularly strong contributions from African managed operations, where output rose to 1.746 million ounces in 2025, aided by the first full year of Sukari, acquired in late 2024.
Australian and Americas operations delivered more mixed results, with Australian production easing to 537,000 ounces and the Americas to 505,000 ounces for 2025, reflecting mine-specific variations. On a like-for-like basis excluding Sukari, group production was broadly flat year-on-year at about 2.6 million ounces, suggesting that most of the headline growth came from the Centamin acquisition rather than underlying organic expansion, a key consideration for investors assessing operational momentum.
The most recent analyst rating on (AU) stock is a Buy with a $107.00 price target. To see the full list of analyst forecasts on Anglogold Ashanti PLC stock, see the AU Stock Forecast page.
AngloGold Ashanti plc, a multinational gold mining company headquartered in London with executive offices also in Greenwood Village, Colorado, filed a Form 6-K with the U.S. Securities and Exchange Commission for February 2026. The filing underscores its status as a foreign private issuer reporting under Form 20-F and highlights its continued engagement with U.S. investors and regulators.
On 20 February 2026, the company submitted a report enclosing its Q4 2025 earnings release investor presentation as an exhibit. This step formalizes the dissemination of its fourth-quarter and full-year 2025 financial information to the market, supporting transparency for shareholders and other stakeholders and aligning the miner with U.S. disclosure standards that can influence investor perceptions and access to capital.
The most recent analyst rating on (AU) stock is a Buy with a $107.00 price target. To see the full list of analyst forecasts on Anglogold Ashanti PLC stock, see the AU Stock Forecast page.
On 20 January 2026, AngloGold Ashanti plc disclosed that asset manager BlackRock, Inc. had acquired additional shares in the company, bringing its beneficial interest to 10.104% of AngloGold Ashanti’s issued share capital. The increased stake by one of the world’s largest institutional investors underscores significant institutional backing for the gold miner and may be seen as a signal of confidence in AngloGold Ashanti’s strategic direction and position within the global gold mining industry.
The most recent analyst rating on (AU) stock is a Buy with a $113.00 price target. To see the full list of analyst forecasts on Anglogold Ashanti PLC stock, see the AU Stock Forecast page.
On 18 December 2025, investment manager Van Eck Associates Corporation marginally reduced its holding in AngloGold Ashanti, triggering a regulatory disclosure after its voting interest slipped below a key threshold. Van Eck’s aggregated funds, including several VanEck gold, mining and Africa-focused ETFs, now control 20,069,032 AngloGold Ashanti shares, representing 3.98% of the company’s 504,097,915 voting rights, down from 4.01%, a small change that nonetheless signals ongoing portfolio adjustments by a prominent institutional shareholder and offers investors a fresh data point on the miner’s evolving ownership profile.
The most recent analyst rating on (AU) stock is a Buy with a $92.00 price target. To see the full list of analyst forecasts on Anglogold Ashanti PLC stock, see the AU Stock Forecast page.
On 16 December 2025, AngloGold Ashanti plc reported a change in its shareholder base after receiving a major holdings notification from Van Eck Associates Corporation, a U.S.-based asset manager. The filing shows that Van Eck’s aggregate direct voting interest in AngloGold Ashanti rose slightly from 3.99% to 4.01%, equivalent to 20,214,785 voting rights out of 504,097,915 shares in issue, with the position held across several VanEck exchange-traded funds and funds focused on gold, mining, natural resources and Africa. This incremental crossing of the 4% threshold underscores steady institutional interest in AngloGold Ashanti’s stock from specialist resource and gold investment vehicles, and signals modest but continued support from a prominent sector-focused shareholder.
The most recent analyst rating on (AU) stock is a Buy with a $92.00 price target. To see the full list of analyst forecasts on Anglogold Ashanti PLC stock, see the AU Stock Forecast page.