Anglogold Ashanti PLC (AU) AI Stock Analysis

• Market Cap: $44.88B
• Dividend Yield: 2.95%
• Average Volume (3M): 3.23M
• Price to Earnings (P/E): 38.1
• Beta (1Y): 0.66
• Revenue Growth: 26.43%
• EPS Growth: N/A
• Country: US
• Employees: 12,634
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 1.32
• Shares Outstanding: 504,744,420
• 10 Day Avg. Volume: 2,717,259
• 30 Day Avg. Volume: 3,234,025
• PEG Ratio: -0.02
• Price to Book (P/B): 1.50
• Price to Sales (P/S): 1.71
• P/FCF Ratio: 11.41
• Enterprise Value/Market Cap: 0.84
• Enterprise Value/Revenue: 15.35
• Enterprise Value/Gross Profit: 31.35
• Enterprise Value/Ebitda: 34.43
• 1Y Price Target: $88.67
• Price Target Upside: -0.27% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): 5.72
• Revenue Forecast (FY): $9.70B

• Rating: 73 Outperform
• Price Target: $99.00 ▲(11.35% Upside)

Anglogold Ashanti PLC's strong financial performance is the most significant factor driving the stock's score, supported by robust growth and profitability. The technical analysis indicates bullish momentum, though caution is advised due to potential overbought conditions. Valuation concerns with a high P/E ratio slightly dampen the overall score.

Positive Factors

Cash Generation

Strong cash generation enhances financial flexibility, allowing for reinvestment and shareholder returns, supporting long-term growth.

Operational Efficiency

Increased production efficiency strengthens market position and supports revenue growth, contributing to sustainable profitability.

Management Quality

Experienced leadership can enhance strategic decision-making and governance, positively impacting long-term operational success.

Negative Factors

Exploration Strategy Shift

Shifting exploration strategy may limit future growth opportunities and resource expansion, affecting long-term production potential.

Cost Pressures

Rising costs could pressure margins, reducing profitability and impacting the company's ability to maintain competitive pricing.

Shareholder Structure Change

Changes in shareholder structure may affect governance dynamics and strategic decisions, potentially impacting stakeholder interests.

Anglogold Ashanti PLC Business Overview & Revenue Model

Company Description

AngloGold Ashanti PLC is a global gold mining company headquartered in Johannesburg, South Africa. The company operates in various countries across Africa, North America, and South America, focusing primarily on the exploration, extraction, and production of gold. AngloGold Ashanti is committed to responsible mining practices and sustainability, offering a range of services that encompass the entire mining lifecycle from exploration to production and rehabilitation.

How the Company Makes Money

AngloGold Ashanti generates revenue primarily through the sale of gold produced from its mining operations. The company operates several mines, producing gold in various forms, including doré bars, which are then sold to refineries or directly to the market. Key revenue streams include gold sales, which are influenced by the global gold price, and by-product revenue from other minerals extracted during the mining process. Additionally, the company may generate revenue from joint ventures and partnerships with other mining companies, as well as through strategic investments in exploration projects that could yield future gold production. Factors contributing to its earnings include operational efficiency, cost management, and the prevailing economic conditions affecting gold prices.

Anglogold Ashanti PLC Financial Statement Overview

Summary

Anglogold Ashanti PLC demonstrates strong financial performance across all verticals. The income statement reflects robust growth and profitability, the balance sheet shows financial stability with manageable leverage, and the cash flow statement highlights strong cash generation. Overall, the company is well-positioned financially, with a positive outlook for continued growth and stability.

Income Statement

Anglogold Ashanti PLC shows strong revenue growth with a 12.11% increase in TTM, indicating robust demand. The gross profit margin improved to 42.95%, reflecting efficient cost management. Net profit margin is healthy at 23.60%, showcasing profitability. EBIT and EBITDA margins are strong at 37.12% and 42.63%, respectively, indicating operational efficiency. Overall, the income statement reflects a positive growth trajectory and profitability.

Balance Sheet

The company maintains a stable debt-to-equity ratio of 0.31, indicating moderate leverage. Return on equity is impressive at 28.94%, reflecting effective use of equity to generate profits. The equity ratio stands at 51.82%, suggesting a solid equity base. Overall, the balance sheet shows financial stability with a strong equity position and manageable debt levels.

Cash Flow

Free cash flow growth is substantial at 41.32%, indicating strong cash generation capabilities. The operating cash flow to net income ratio of 2.26 suggests efficient cash conversion. Free cash flow to net income ratio is healthy at 0.59, reflecting good cash flow management. The cash flow statement highlights strong cash generation and effective cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.44B	5.79B	4.58B	4.50B	4.03B	4.59B
Gross Profit	1.20B	2.07B	1.03B	1.13B	1.17B	1.75B
EBITDA	1.09B	2.58B	872.00M	1.25B	1.23B	2.36B
Net Income	669.00M	1.00B	-235.00M	233.00M	614.00M	1.01B
Balance Sheet
Total Assets	14.13B	13.16B	8.18B	8.01B	8.01B	7.67B
Cash, Cash Equivalents and Short-Term Investments	2.00B	1.43B	964.00M	1.11B	1.15B	1.37B
Total Debt	2.31B	2.15B	2.42B	2.17B	2.09B	2.08B
Total Liabilities	4.84B	4.64B	4.43B	3.94B	3.91B	3.93B
Stockholders Equity	7.42B	6.63B	3.71B	4.04B	4.05B	3.69B
Cash Flow
Free Cash Flow	694.54M	870.00M	-71.00M	257.00M	196.00M	952.00M
Operating Cash Flow	1.06B	1.96B	971.00M	1.80B	1.22B	1.69B
Investing Cash Flow	-318.89M	-880.00M	-897.00M	-1.56B	-1.01B	-514.00M
Financing Cash Flow	-170.70M	-601.00M	-87.00M	-224.00M	-345.00M	-329.00M

Anglogold Ashanti PLC Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 88.91
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU, the sentiment is Positive. The current price of 88.91 is above the 20-day moving average (MA) of 76.34, above the 50-day MA of 72.93, and above the 200-day MA of 51.30, indicating a bullish trend. The MACD of 4.06 indicates Negative momentum. The RSI at 68.44 is Neutral, neither overbought nor oversold. The STOCH value of 89.94 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU.

Anglogold Ashanti PLC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NEM	81 Outperform	$98.78B	14.07	22.84%	1.10%	26.25%	―
GFI	79 Outperform	$37.10B	20.52	35.09%	1.80%	49.62%	195.39%
RGLD	78 Outperform	$16.97B	27.56	14.90%	0.98%	28.11%	66.85%
HMY	77 Outperform	$11.04B	13.94	32.05%	0.99%	29.08%	72.12%
AU	73 Outperform	$44.88B	38.09	―	2.95%	26.43%	―
CDE	68 Neutral	$10.40B	23.74	19.57%	―	72.94%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Anglogold Ashanti PLC Corporate Events

AngloGold Ashanti Executive Director Sells Shares Amidst Market Activity

On November 24, 2025, AngloGold Ashanti PLC announced that its Executive Director, Gillian Doran, executed an on-market sale of 22,033 ordinary shares at an average price of US$82.47271, totaling approximately US$1.82 million. Despite the sale, Ms. Doran retains a significant holding in the company, including 51,271 shares and additional shares under a performance plan. This transaction reflects ongoing executive-level dealings in the company’s securities, possibly impacting investor perceptions and market dynamics.

AngloGold Ashanti Announces Change in Major Shareholder Holdings

On November 24, 2025, AngloGold Ashanti PLC announced a change in major shareholder holdings, as Van Eck Associates Corporation reduced its voting rights from 4.990% to 3.990%. This adjustment, which occurred on November 21, 2025, indicates a shift in the company’s shareholder structure, potentially impacting its governance and strategic decisions.

AngloGold Ashanti Reports Record Q3 2025 Earnings and Cash Flow Surge

In its Q3 2025 earnings release, AngloGold Ashanti reported a 141% increase in free cash flow year-on-year, reaching a record $920 million, driven by a 17% rise in gold production and a 40% increase in the average gold price received per ounce. The company declared a quarterly dividend of $460 million, reflecting strong cash generation and cost discipline, and reaffirmed its annual guidance for 2025. The company’s balance sheet was strengthened, moving to an adjusted net cash position of $450 million, with liquidity of $3.9 billion. The company maintained a strong safety performance and continued operational improvements, particularly at Obuasi and Sukari, despite inflationary pressures.

AngloGold Ashanti Reports Increased Q3 2025 Gold Production

AngloGold Ashanti PLC released its operating statistics for the third quarter and nine months ending September 30, 2025. The report highlights a notable increase in gold production from its managed operations in Africa, with a rise from 301,000 ounces in Q3 2024 to 428,000 ounces in Q3 2025. This growth reflects the company’s strategic focus on enhancing production efficiency and expanding its operational footprint, which could positively impact its market positioning and stakeholder value.

AngloGold Ashanti Releases Q3 2025 Earnings Report

On November 12, 2025, AngloGold Ashanti PLC released its Q3 2025 earnings report, highlighting the company’s financial performance and strategic initiatives. The report provides insights into the company’s operational efficiency and market positioning, which are crucial for stakeholders to assess its future prospects and industry standing.

AngloGold Ashanti Announces Shareholder Voting Rights Change

On November 11, 2025, AngloGold Ashanti PLC announced a change in its major shareholders, with the Public Investment Corporation SOC Limited reducing its voting rights from 16.355% to 15.671%. This adjustment reflects a shift in the company’s shareholder structure, potentially impacting its governance dynamics and stakeholder interests.

AngloGold Ashanti Appoints Marcus Randolph as Non-Executive Director

On October 3, 2025, AngloGold Ashanti PLC announced the appointment of Marcus Randolph as an independent non-executive director, effective October 27, 2025. Randolph, with over 40 years of experience in the mining and processing industries, will contribute his extensive expertise in governance, corporate strategy, and the mining value chain to the company’s board. This strategic appointment is expected to enhance the company’s governance and operational capabilities, potentially impacting its industry positioning and stakeholder relations positively.

AngloGold Ashanti Highlights 2025 Mining Forum Americas

On September 12, 2025, AngloGold Ashanti PLC presented at the 2025 Mining Forum Americas, highlighting their Mineral Resource and Mineral Reserve estimates as of December 31, 2024. The presentation included insights into the company’s economic assumptions and operational strategies, reflecting on the challenges and opportunities within the gold mining industry. The forum served as a platform to discuss the company’s future prospects and the potential impact of market conditions on its operations.