AngloGold Ashanti Limited (AU) AI Stock Analysis

AngloGold Ashanti Limited is a gold mining company with mining operations across Africa, the Americas, and Australia. Established in 1944 and based in Johannesburg, South Africa, the company holds extensive gold reserves. Its flagship asset is the Geita project, a 100% owned property located in the Lake Victoria goldfields in north-western Tanzania. Beyond gold mining, the company conducts exploration for silver deposits and produces sulphuric acid to diversify its mineral exposure. It employs advanced mining techniques while maintaining environmental and safety standards across its global mining footprint.

Revenue increased from $4.03B in FY2021 to $9.89B in FY2025, achieving a 5-year revenue CAGR of 16.6%. After reporting net income of -$235.0M and a net margin of -5.1% in FY2023, profitability recovered sharply. In FY2024, revenue grew 26.4% to $5.79B with net income of $1.00B, followed by 70.8% revenue growth in FY2025 to $9.89B and net income of $2.64B. Gross margin expanded from 22.4% in FY2023 to 46.5% in FY2025. Over the trailing twelve months, revenue reached $11.83B with an operating margin of 51.2%. In the latest quarter ended June 30, 2026, quarterly revenue grew 27.0% year-over-year while quarterly earnings rose 50.1%.

As of June 30, 2026, AngloGold Ashanti held $2.78B in cash and short-term investments against total debt of $1.79B, yielding a net cash position of $991.0M. The company maintains a current ratio of 2.71 and a debt-to-equity ratio of 0.20, with shareholders' equity standing at $8.96B on total assets of $15.55B. Operating cash flow grew to $4.71B in FY2025, yielding free cash flow of $3.10B. In FY2025, capital expenditures totaled $1.61B and dividends paid equaled $1.87B.

At $92.82, AngloGold Ashanti trades at a trailing P/E of 12.4x and an EV/EBITDA of 7.7x, both below the median of its US-listed Basic Materials peers at 19.7x and 10.5x, respectively. Its forward P/E of 14.5x is above the peer median of 13.4x, and its price-to-sales ratio stands at 4.0x compared to the peer median of 1.8x. The company's 1-year return of 23.6% outperformed the S&P 500 (SPY) return of 16.8%, while its 5-year return of 466.1% substantially exceeded the index return of 83.0%.

AngloGold Ashanti offers an annual forward dividend of $4.52 per share, translating to a dividend yield of 4.87%. The company pays dividends quarterly with a payout ratio of 58.6%. It has maintained consecutive dividend payments for 10 years, delivering an annualized 5-year dividend growth rate of 87.1%. Its last ex-dividend date was August 21, 2026.

Wall Street analysts hold 3 Strong Buy, 3 Buy, and 2 Hold ratings on the stock, with zero Sell or Strong Sell recommendations. The mean price target of $116.38 represents 25.4% upside against the last close of $92.82. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $8.44 on revenue of $12.41B. The company beat EPS estimates in 1 of the last 4 quarters, and its next earnings date is November 10, 2026.

This page is an AI-written research summary of AngloGold Ashanti Limited (AU). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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