Anglo Asian Mining PLC (GB:AAZ)
LSE:AAZ
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Anglo Asian Mining
(LSE:AAZ)
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Rating:59Neutral
Price Target:
321.00 p
▲(18.89% Upside)
Action:Reiterated
Date:05/30/26
The score is driven primarily by improved 2025 financial performance (profitability and cash flow rebound) but is held back by earnings volatility, higher leverage, and mixed cash conversion. Technically, the uptrend is strong, yet overbought signals raise pullback risk. Valuation is a further headwind given the elevated P/E and no dividend yield provided.
Positive Factors
2025 Profitability Turnaround
The company delivered a clear operational recovery in 2025: strong revenue growth, positive net income and free cash flow. Durable impact: sustained profitability and FCF improve internal funding for sustaining capital and reduce reliance on external financing across the next 2–6 months.
Negative Factors
Earnings Volatility
The firm's multi-year earnings cyclicality highlights execution and commodity exposure risks. Such volatility makes cash flow and investment planning unpredictable, increasing the chance that a commodity or operational setback erodes recent gains within a 2–6 month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 Profitability Turnaround
The company delivered a clear operational recovery in 2025: strong revenue growth, positive net income and free cash flow. Durable impact: sustained profitability and FCF improve internal funding for sustaining capital and reduce reliance on external financing across the next 2–6 months.
Read all positive factors
Anglo Asian Mining (AAZ) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£450.98M
Dividend YieldN/A
Average Volume (3M)144.91K
Price to Earnings (P/E)33.5
Beta (1Y)0.76
Revenue Growth200.18%
EPS GrowthN/A
CountryUK
Employees900
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.15
Shares Outstanding114,462,020
10 Day Avg. Volume185,327
30 Day Avg. Volume144,909
Financial Highlights & Ratios
PEG Ratio-0.11
Price to Book (P/B)4.96
Price to Sales (P/S)3.37
P/FCF Ratio20.87
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 ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.53
Revenue Forecast (FY)£228.49M
Anglo Asian Mining Business Overview & Revenue Model
Company Description
Anglo Asian Mining PLC, including its various operations, specializes in the discovery and extraction of gold, copper, silver, and other valuable metals across Azerbaijan. The company holds a significant 2,500 square kilometer collection of gold, ...
How the Company Makes Money
AAZ primarily makes money by selling metals produced from its mining operations. Revenue is generated from the sale of (1) gold and (2) copper (and any associated by-products recovered in concentrate or other saleable forms), with receipts largely...
Anglo Asian Mining Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 125.37M | 39.59M | 45.85M | 84.72M | 92.49M |
| Gross Profit | 54.17M | -10.07M | -4.46M | 15.76M | 18.02M |
| EBITDA | 64.91M | -6.66M | -19.18M | 25.44M | 28.80M |
| Net Income | 18.05M | -17.50M | -24.24M | 3.66M | 7.36M |
Balance Sheet | |||||
| Total Assets | 266.54M | 146.63M | 154.64M | 181.18M | 189.42M |
| Cash, Cash Equivalents and Short-Term Investments | 30.26M | 886.00K | 4.48M | 20.41M | 37.45M |
| Total Debt | 66.92M | 23.78M | 23.20M | 2.71M | 3.29M |
| Total Liabilities | 181.28M | 79.25M | 69.84M | 67.67M | 71.00M |
| Stockholders Equity | 85.26M | 67.37M | 84.69M | 113.51M | 118.42M |
Cash Flow | |||||
| Free Cash Flow | 20.26M | -2.49M | -24.33M | -3.83M | 12.24M |
| Operating Cash Flow | 46.72M | 8.58M | 939.00K | 13.49M | 26.02M |
| Investing Cash Flow | -27.84M | -10.82M | -31.84M | -20.81M | -15.73M |
| Financing Cash Flow | 5.21M | -1.30M | 15.07M | -9.41M | -11.62M |
Anglo Asian Mining Technical Analysis
Positive
270.00
Price Trends
296.60
Positive
280.77
Positive
252.29
Positive
Market Momentum
18.89
Negative
69.29
Neutral
90.97
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AAZ, the sentiment is Positive. The current price of 270 is below the 20-day moving average (MA) of 341.27, below the 50-day MA of 296.60, and above the 200-day MA of 252.29, indicating a bullish trend. The MACD of 18.89 indicates Negative momentum. The RSI at 69.29 is Neutral, neither overbought nor oversold. The STOCH value of 90.97 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
86 Outperform | £246.09M | 4.86 | 37.38% | ― | 67.11% | 91.17% | |
73 Outperform | £272.78M | 6.43 | 43.19% | ― | 75.97% | 127.98% | |
72 Outperform | £396.56M | 17.25 | 12.27% | ― | 6.02% | 1.37% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | £450.98M | 33.51 | 22.56% | ― | 200.18% | ― | |
46 Neutral | £48.43M | -2.97 | -28.28% | ― | ― | -458.82% | |
44 Neutral | £156.31M | -10.00 | -10.90% | ― | ― | ― |
* Basic Materials Sector Average
GB:AAZ
Anglo Asian Mining
390.00
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136.36%
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Anglo Asian Mining Corporate Events
Private Placements and FinancingRegulatory Filings and Compliance
Anglo Asian Mining Issues New Shares After CFO Exercises Options
Positive
Jun 4, 2026
Anglo Asian Mining has issued 120,000 new ordinary shares following the exercise of options by its chief financial officer, William Morgan, at an exercise price of 115p per share. After this transaction, Morgan holds 420,000 shares, representing 0...
Business Operations and Strategy
Anglo Asian Mining Notes Major Share Disposal Amid Copper-Focused Growth Drive
Positive
Jun 2, 2026
Anglo Asian Mining, an AIM-listed gold, copper and silver producer focused on Azerbaijan, has built a portfolio of operating and exploration assets that delivered 7,915 tonnes of copper and 25,061 ounces of gold in 2025. The company is executing a...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
Anglo Asian Mining Posts 2025 Annual Report and Sets June AGM as It Advances Copper-Focused Growth Plan
Positive
Jun 2, 2026
Anglo Asian Mining has posted its 2025 Annual Report and Accounts to shareholders and released the notice of its Annual General Meeting, which will be held in London on 24 June 2026, with facilities for CREST members to appoint electronic proxies....
Business Operations and StrategyDividendsFinancial Disclosures
Anglo Asian Mining Returns to Profit as New Copper Mines Transform 2025 Results
Positive
May 26, 2026
Anglo Asian Mining reported a “transformational” 2025, bringing its Gilar underground copper-gold mine at Gedabek and the Demirli open-pit copper mine in Karabakh into production, sharply lifting output to 25,061 ounces of gold and 7,9...
Business Operations and StrategyFinancial Disclosures
Anglo Asian Mining to Host Investor Presentation on 2025 Results and Growth Plans
Positive
May 26, 2026
Anglo Asian Mining will host a live investor presentation on 27 May 2026 via the Investor Meet Company platform to discuss its final results released the same day. The session, led by Vice President Stephen Westhead and CFO Bill Morgan, is open to...
Business Operations and Strategy
Anglo Asian boosts processing capacity and advances key Azerbaijan copper projects
Positive
Apr 23, 2026
Anglo Asian Mining has announced significant processing upgrades at its Gedabek and Demirli operations in Azerbaijan, aimed at boosting metal recoveries and supporting higher-grade ore throughput. At Gedabek, the company has installed nine high-ef...
Business Operations and StrategyFinancial Disclosures
Anglo Asian Mining Swings to Net Cash on Strong Q1 Copper Output
Positive
Apr 15, 2026
Anglo Asian Mining reported a sharp jump in Q1 2026 copper output to 3,711 tonnes, driven by strong contributions from its Gedabek and newly ramped-up Demirli operations, while gold production was broadly stable at 6,062 ounces and silver rose to ...
Business Operations and StrategyShareholder Meetings
Anglo Asian Mining Sets Date for AGM as It Ramps Up Azerbaijan Copper Growth Plan
Positive
Mar 26, 2026
Anglo Asian Mining plc, the AIM-quoted gold, copper and silver producer focused on Azerbaijan, plans to transform into a multi-asset, mid-tier copper and gold miner by 2030. The group aims to lift annual copper output to about 50,000–55,000 ...
Business Operations and Strategy
Anglo Asian Mining Names Peel Hunt as Broker to Support Copper-Focused Growth
Positive
Mar 13, 2026
Anglo Asian Mining, an AIM-quoted producer of gold, copper and silver focused on Azerbaijan, operates several mines including the recently opened Gilar and Demirli assets and is expanding its portfolio to underpin a transition towards being a mid-...
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.