Anglo Asian Mining PLC (GB:AAZ)
LSE:AAZ
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Anglo Asian Mining
(LSE:AAZ)
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Rating:47Neutral
Price Target:
305.00 p
▲(12.96% Upside)
Action:ReiteratedDate:02/04/26
The score is held down primarily by weak financial performance (declining revenue, negative margins, and deteriorating free cash flow) and valuation that is unattractive/unclear due to negative earnings. These are partially offset by a strong technical trend with the price above all major moving averages and positive momentum indicators.
Positive Factors
High‑grade Gedabek resource
Operating a high‑grade asset like Gedabek supports lower unit mining costs and longer productive life per ounce, which underpins durable cash generation potential and resilience through commodity cycles. High grades materially improve long-term project economics and operational flexibility.
Negative Factors
Declining revenues and negative margins
Sustained revenue decline combined with negative gross and operating margins signals structural operational inefficiencies or weakening sales mix. This erodes retained earnings, limits reinvestment capacity and risks requiring strategic remediation (cost cuts, higher grades, or production changes) to restore profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
High‑grade Gedabek resource
Operating a high‑grade asset like Gedabek supports lower unit mining costs and longer productive life per ounce, which underpins durable cash generation potential and resilience through commodity cycles. High grades materially improve long-term project economics and operational flexibility.
Read all positive factors
Anglo Asian Mining (AAZ) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£257.27M
Dividend YieldN/A
Average Volume (3M)144.91K
Price to Earnings (P/E)13.7
Beta (1Y)0.84
Revenue Growth129.53%
EPS Growth70.68%
CountryUK
Employees900
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.03
Shares Outstanding114,342,026
10 Day Avg. Volume185,327
30 Day Avg. Volume144,909
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)2.26
Price to Sales (P/S)3.85
P/FCF Ratio-61.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.53
Revenue Forecast (FY)£228.49M
Anglo Asian Mining Business Overview & Revenue Model
Company Description
Anglo Asian Mining PLC, together with its subsidiaries, engages in the exploration and production of gold, copper, silver, and precious metal properties in Azerbaijan. The company has a 2,500 square kilometers portfolio of gold, silver, and copper...
How the Company Makes Money
Anglo Asian Mining generates revenue primarily through the extraction and sale of precious metals, particularly gold and copper. The company operates a gold and copper mine at Gedabek, where it processes ore to produce gold doré and copper concent...
Anglo Asian Mining Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
45
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 67.14M | 39.59M | 45.85M | 84.72M | 92.49M | 102.05M |
| Gross Profit | 5.40M | -10.07M | -4.46M | 15.76M | 18.02M | 41.73M |
| EBITDA | 11.88M | -6.66M | -19.18M | 25.44M | 28.80M | 56.65M |
| Net Income | -8.76M | -17.50M | -24.24M | 3.66M | 7.36M | 23.22M |
Balance Sheet | ||||||
| Total Assets | 156.41M | 146.63M | 154.64M | 181.18M | 189.42M | 179.77M |
| Cash, Cash Equivalents and Short-Term Investments | 5.27M | 886.00K | 4.48M | 20.41M | 37.45M | 39.03M |
| Total Debt | 22.52M | 23.78M | 23.20M | 2.71M | 3.29M | 1.95M |
| Total Liabilities | 84.38M | 79.25M | 69.84M | 67.67M | 71.00M | 57.81M |
| Stockholders Equity | 72.03M | 67.37M | 84.69M | 113.51M | 118.42M | 121.96M |
Cash Flow | ||||||
| Free Cash Flow | 6.28M | -2.49M | -24.33M | -3.83M | 12.24M | 33.80M |
| Operating Cash Flow | 16.81M | 8.58M | 939.00K | 13.49M | 26.02M | 49.54M |
| Investing Cash Flow | -12.35M | -10.82M | -31.84M | -20.81M | -15.73M | -15.69M |
| Financing Cash Flow | -1.03M | -1.30M | 15.07M | -9.41M | -11.62M | -12.80M |
Anglo Asian Mining Technical Analysis
Neutral
270.00
Price Trends
267.37
Negative
256.15
Negative
219.62
Positive
Market Momentum
-14.65
Negative
44.91
Neutral
74.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AAZ, the sentiment is Neutral. The current price of 270 is above the 20-day moving average (MA) of 226.75, above the 50-day MA of 267.37, and above the 200-day MA of 219.62, indicating a neutral trend. The MACD of -14.65 indicates Negative momentum. The RSI at 44.91 is Neutral, neither overbought nor oversold. The STOCH value of 74.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:AAZ.
Anglo Asian Mining Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £336.20M | 2.17 | 40.73% | ― | 61.98% | 164.33% | |
73 Outperform | £225.69M | 4.30 | 34.96% | ― | 44.89% | 120.82% | |
70 Outperform | £406.78M | 8.86 | -6.93% | ― | 26.71% | -119.70% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | £49.14M | 57.47 | 5.02% | ― | ― | ― | |
50 Neutral | £132.11M | -2.70 | -10.90% | ― | ― | ― | |
47 Neutral | £257.27M | 13.71 | -12.56% | ― | 129.53% | 70.68% |
* Basic Materials Sector Average
GB:AAZ
Anglo Asian Mining
225.00
100.00
80.00%
GB:ALTN
AltynGold Plc
1,230.00
901.50
274.43%
GB:AAU
Ariana Resources
1.85
0.60
48.00%
GB:KEFI
KEFI Minerals
1.17
0.64
123.61%
GB:MTL
Metals Exploration
13.65
7.45
120.16%
GB:SRB
Serabi Gold
298.00
152.50
104.81%
Anglo Asian Mining Corporate Events
Business Operations and StrategyFinancial Disclosures
Anglo Asian Mining Posts Record Copper Output and Swings to Net Cash in 2025
Positive
Jan 15, 2026
Anglo Asian Mining reported a record quarter for copper in Q4 2025, producing 4,439 tonnes—up 94% quarter-on-quarter—driven by strong output from both Gedabek and the newly producing Demirli mine, alongside gold and silver production o...
Business Operations and Strategy
Azerbaijan President Showcases Support with Visit to Anglo Asian’s Demirli Mine
Positive
Jan 15, 2026
Anglo Asian Mining reported that Azerbaijani President Ilham Aliyev paid an official visit to its Demirli mine on 13 January 2026, highlighting the government’s close cooperation and pro-mining stance as the operation progresses through key ...
Other
Anglo Asian Mining Announces Internal Restructuring of 3.5% Shareholding
Neutral
Jan 6, 2026
Anglo Asian Mining has disclosed an internal shareholding restructure involving Limelight Industrial Developments Limited and Yasamin Vaziri Lotfinezhad. Limelight has transferred 1,000,000 ordinary shares in the company to Mrs Lotfinezhad, reduci...
Business Operations and StrategyM&A Transactions
Anglo Asian Mining Confirms No Bid from ACG Metals, Focuses on Growth
Neutral
Dec 11, 2025
Anglo Asian Mining announced that ACG Metals Limited has decided not to make an offer for the company, adhering to Rule 2.8 of the City Code on Takeovers and Mergers. Despite this, Anglo Asian remains focused on creating shareholder value through ...
Business Operations and StrategyProduct-Related Announcements
Anglo Asian Mining Boosts Copper Production with Gedabek Plant Upgrades
Positive
Dec 11, 2025
Anglo Asian Mining has announced significant upgrades to its Gedabek flotation plant, including the installation of new filter presses and a thickener, which have led to record copper production in November. These enhancements are part of a broade...
Business Operations and StrategyProduct-Related Announcements
Anglo Asian Mining Begins Copper Sales and Achieves Record Ore Mining at Demirli
Positive
Dec 4, 2025
Anglo Asian Mining has commenced copper concentrate sales from its new Demirli mine, selling 2,055 wet tonnes of copper concentrate to Trafigura Pte Ltd, generating $3.6 million in provisional gross sales revenue. The establishment of a dedicated ...
Business Operations and StrategyProduct-Related Announcements
Anglo Asian Mining Begins Copper Sales from Demirli Mine
Positive
Dec 4, 2025
Anglo Asian Mining has commenced copper concentrate sales from its new Demirli mine, marking a significant step in its growth strategy. The company sold 2,055 wet tonnes of copper concentrate to Trafigura, generating $3.6 million in provisional gr...
Business Operations and StrategyProduct-Related Announcements
Anglo Asian Mining Launches New Corporate Website Amid Strategic Growth Plans
Positive
Dec 1, 2025
Anglo Asian Mining has launched a new corporate and investor website, marking a significant step in its evolution towards becoming a multi-asset, mid-tier mining company. The rebranding reflects the company’s growth ambitions and operational...
Business Operations and StrategyDelistings and Listing ChangesM&A Transactions
Anglo Asian Mining Faces Potential Offer Amid Strategic Growth
Neutral
Nov 27, 2025
Anglo Asian Mining PLC announced the suspension and subsequent restoration of trading of its shares following ACG Metals Limited’s consideration of a potential offer for the company. While no firm offer has been made, Anglo Asian continues t...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.