Anglogold Ashanti PLC (AU) AI Stock Analysis

• Market Cap: $33.53B
• Dividend Yield: 2.45%
• Average Volume (3M): 3.15M
• Price to Earnings (P/E): 28.5
• Beta (1Y): 0.65
• Revenue Growth: 26.43%
• EPS Growth: N/A
• Country: US
• Employees: 12,634
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 1.25
• Shares Outstanding: 503,527,040
• 10 Day Avg. Volume: 3,271,901
• 30 Day Avg. Volume: 3,150,304
• PEG Ratio: -0.02
• Price to Book (P/B): 1.50
• Price to Sales (P/S): 1.71
• P/FCF Ratio: 11.31
• Enterprise Value/Market Cap: 0.75
• Enterprise Value/Revenue: 3.28
• Enterprise Value/Gross Profit: 7.65
• Enterprise Value/Ebitda: 7.70
• 1Y Price Target: $60.46
• Price Target Upside: -8.12% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 73 Outperform
• Price Target: $65.00 ▼(-1.22% Downside)

Anglogold Ashanti PLC's strong financial performance is the most significant factor, supported by robust profitability and cash flow generation. Technical analysis indicates bullish momentum but warns of overbought conditions. Valuation metrics suggest the stock is relatively expensive, which slightly tempers the overall score.

Positive Factors

Cash Generation Ability

Strong cash flow growth indicates effective management and operational efficiency, providing resources for reinvestment and debt reduction.

Profitability

High profit margins reflect cost control and pricing power, supporting sustainable earnings and competitive positioning in the gold industry.

Balance Sheet Health

A low debt-to-equity ratio suggests prudent financial leverage, providing stability and flexibility for future investments and growth.

Negative Factors

Revenue Decline

Even minor revenue declines can signal challenges in maintaining market share or pricing, potentially impacting long-term growth prospects.

Valuation Concerns

High valuation can limit upside potential and increase risk if growth expectations are not met, affecting investor sentiment and capital allocation.

Market Dependency

Dependence on gold prices exposes the company to market volatility, which can impact revenue and profitability if prices decline.

Anglogold Ashanti PLC Business Overview & Revenue Model

Company Description

AngloGold Ashanti Plc operates as a gold mining company in Africa, the Americas, and Australia. Its flagship property is a 100% owned Geita project located in the Lake Victoria goldfields of the Mwanza region in north-western Tanzania. The company also explores for silver and sulphuric acid. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.

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 exhibits a robust financial position with strong profitability, efficient use of equity, and solid cash flow generation. The company maintains healthy margins and leverage, despite minor revenue fluctuations, reflecting a well-managed company with a strong foundation for future growth.

Income Statement

Anglogold Ashanti PLC shows strong profitability with a TTM gross profit margin of 42.95% and a net profit margin of 23.60%. Despite a slight revenue decline of 1.38% in the TTM, the company has maintained robust EBIT and EBITDA margins of 37.12% and 42.63%, respectively. The company has demonstrated significant revenue growth in previous years, indicating a resilient business model.

Balance Sheet

The company's balance sheet is solid with a manageable debt-to-equity ratio of 0.31 in the TTM, indicating prudent financial leverage. The return on equity is impressive at 28.94%, reflecting efficient use of equity capital. The equity ratio stands at 52.47%, suggesting a stable financial structure with a good proportion of equity financing.

Cash Flow

Anglogold Ashanti PLC has shown strong cash flow performance with a TTM free cash flow growth of 37.70%. The operating cash flow to net income ratio is 2.26, indicating strong cash generation relative to net income. The free cash flow to net income ratio of 0.59 further underscores the company's ability to generate cash from operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	7.65B	5.79B	4.58B	4.50B	4.03B	4.59B
Gross Profit	3.29B	2.07B	1.04B	1.14B	1.17B	1.77B
EBITDA	3.26B	2.29B	1.17B	1.36B	1.30B	2.01B
Net Income	1.80B	1.00B	-235.00M	233.00M	614.00M	1.01B
Balance Sheet
Total Assets	14.13B	12.96B	8.18B	8.01B	8.01B	7.71B
Cash, Cash Equivalents and Short-Term Investments	2.00B	1.43B	964.00M	1.11B	1.15B	1.33B
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	3.73B
Cash Flow
Free Cash Flow	1.79B	878.00M	-71.00M	257.00M	227.00M	936.00M
Operating Cash Flow	3.04B	1.97B	971.00M	1.80B	1.27B	1.69B
Investing Cash Flow	-908.00M	-762.00M	-897.00M	-1.46B	-940.00M	-514.00M
Financing Cash Flow	-1.08B	-727.00M	-87.00M	-323.00M	-456.00M	-329.00M

Anglogold Ashanti PLC Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 65.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 65.8 is above the 20-day moving average (MA) of 63.42, above the 50-day MA of 56.72, and above the 200-day MA of 40.73, indicating a bullish trend. The MACD of 3.34 indicates Positive momentum. The RSI at 61.28 is Neutral, neither overbought nor oversold. The STOCH value of 60.43 is Neutral, 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
CDE	79 Outperform	11.85B	47.28	6.74%	―	68.88%	―
GFI	79 Outperform	36.48B	18.67	23.94%	1.90%	49.62%	195.39%
HMY	78 Outperform	11.27B	13.49	―	0.95%	29.08%	70.63%
NEM	78 Outperform	93.64B	15.02	19.55%	1.17%	39.02%	―
RGLD	78 Outperform	12.95B	28.27	―	0.89%	30.15%	86.71%
AU	73 Outperform	$33.53B	28.53	19.42%	2.45%	26.43%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Anglogold Ashanti PLC Corporate Events

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.

AngloGold Ashanti Reports Increased Gold Production in H1 2025

AngloGold Ashanti PLC released its unaudited condensed consolidated interim financial statements for the six months ended June 30, 2025. The report highlights a notable increase in gold production from managed operations, rising to 1,386,000 ounces compared to 1,096,000 ounces in the same period in 2024. This increase in production underscores the company’s enhanced operational efficiency and strategic focus on boosting output, which may positively impact its market position and stakeholder confidence.

AngloGold Ashanti Reports Strong Q2 2025 Performance with Increased Gold Production

In its Q2 2025 earnings release, AngloGold Ashanti reported a significant increase in earnings and free cash flow, driven by a 21% rise in gold production and a higher average gold price per ounce. The company’s strategic moves, including the sale of non-core assets and inclusion in the Russell US Indexes, have strengthened its market position and improved liquidity, while a strong safety record and disciplined capital allocation continue to support its growth trajectory.

AngloGold Ashanti Reports Increased Q2 2025 Gold Production

AngloGold Ashanti PLC reported its operating statistics for the second quarter of 2025, highlighting a notable increase in gold production from its managed operations in Africa compared to the same period in 2024. The company produced 472,000 ounces of gold in Q2 2025 from managed operations, up from 315,000 ounces in Q2 2024, indicating a strong operational performance. This increase in production is significant for AngloGold Ashanti’s market positioning as it enhances its production capacity and strengthens its competitive stance in the gold mining sector.

AngloGold Ashanti Releases Q2 2025 Earnings Report

On August 1, 2025, AngloGold Ashanti PLC released its Q2 2025 earnings report, highlighting the company’s financial performance and operational updates. The earnings release is part of the company’s ongoing efforts to maintain transparency with investors and stakeholders, reflecting its commitment to strong corporate governance and industry leadership.

AngloGold Ashanti to Acquire Augusta Gold for Nevada Expansion

AngloGold Ashanti has announced a definitive agreement to acquire Augusta Gold Corp. for approximately C$152 million, aiming to consolidate its presence in the Beatty District of Nevada. This acquisition, expected to close in the fourth quarter of 2025, will enhance AngloGold Ashanti’s position in North America’s gold mining sector by securing additional mineral resources and improving infrastructure sharing and stakeholder engagement.