AngloGold Ashanti AU
United StatesBasic Materials · GoldUSD
117.50 USD (+30.5%)
8 analysts
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AngloGold Ashanti is a geographically diversified gold miner, with operations in Africa, the Americas and Australia, generating revenue from the extraction and sale of gold.
Key points
from its scores- ✓Very solid balance sheet9.0
- ✓High-quality business8.7
- ✓Good share-price trend8.7
AI analysis
bottom line, main risk, context and newsHold or buy on pullbacks, given the clean balance sheet and reasonable valuation, although cyclical growth could normalize.
AngloGold Ashanti presents very solid fundamentals: net cash, operating margins of 51.19% and an ROE of 44.73%, with an attractive valuation (P/E 12.07). The 50.1% earnings growth reflects the gold bull cycle, which could moderate, but the financial health and quality of the business are excellent.
The main risk is operational exposure to jurisdictions with institutional and governance risk (DRC, Tanzania, Ghana), which could affect operations and profit repatriation.
Context and risks
AngloGold Ashanti is a gold miner with operations in countries such as the Democratic Republic of Congo, Tanzania and Ghana, jurisdictions with institutional and governance risk that can affect operations and profit repatriation. Although domiciled in the US, its operational exposure to these regions justifies an adjustment for geopolitical and governance risk.
Is AngloGold Ashanti stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 36% below the Basic Materials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 12.1 | 19.2 | −37% |
| EV / EBITDA | 6.5 | 10.0 | −35% |
| Price / book | 5.1 | 2.3 | +127% |
| Price / sales | 3.9 | 2.2 | +75% |
Sector: median of the 141 Basic Materials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 8.1 out of 10 (median for Basic Materials: 5.8).
Average analyst target: 117.50 USD, +30.5% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 9.0 (sector 7.1), Growth 8.5 (sector 6.8).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Basic Materials medianValuation
- P/E
- 12.1
- Forward P/E
- 9.0
- EV / EBITDA
- 6.5
- Price / book
- 5.1
- Price / sales
- 3.9
- PEG
- 0.78
- Market cap
- 45.5B USD
- Enterprise value
- 46.8B USD
Profitability
- ROE
- 44.7%
- ROA
- 24.9%
- ROIC (approx.)
- 56.8%
- Gross margin
- 54.8%
- Operating margin
- 51.2%
- Net margin
- 32.2%
- Free cash flow
- 4.0B USD
- FCF yield
- 8.7%
- Cash conversion
- 55%
Solvency
- Total debt
- 1.8B USD
- Net debt
- −991.0M USD
- Cash
- 2.8B USD
- EBITDA
- 7.2B USD
- Net debt / EBITDA
- −0.14
- Debt / equity
- 16.68
- Current ratio
- 2.71
- Quick ratio
- 2.00
Growth
- Revenue growth
- +27.0%
- Earnings growth
- +50.1%
- EPS (TTM)
- 7.46 USD
- EPS (forward)
- 9.96 USD
Dividend
- Dividend yield
- 5.0%
- Payout
- 61.7%
Risk and market
- Beta
- 0.74
- Analyst consensus
- Buy (8)
- Target price
- 117.50 USD
- 52-week range
- 62.55 – 129.14
Recent news
All AU news →Compare it with its sector
All 141 in Basic Materials →Frequently asked questions about AngloGold Ashanti
Is AngloGold Ashanti stock cheap or expensive?
On P/E and EV / EBITDA, it trades 36% below the Basic Materials median on average. Valuation score: 8.1 out of 10 (median for Basic Materials: 5.8). Average analyst target: 117.50 USD, +30.5% versus the price. This is not investment advice.
What score does AngloGold Ashanti get on MeridIAn Screener?
It scores 8.3 out of 10, rank 1 of 2,130 (better than 100% of the companies analysed). Its strongest category is Financial health (9.0) and its weakest, Risk & Context (7.0). Analysis of 08/10/2026.
What is AngloGold Ashanti's P/E ratio?
Its P/E is 12.1: the share price equals 12.1 times earnings per share over the last 12 months. The Basic Materials median is 19.2. Based on the earnings analysts expect, the forward P/E is 9.0.
How much is AngloGold Ashanti worth on the stock market?
Its market capitalisation is 45.5B USD and its enterprise value, debt included, is 46.8B USD.
How much debt does AngloGold Ashanti have?
It has more cash than debt: net cash of 991.0M USD.
Does AngloGold Ashanti pay a dividend?
Yes: its dividend yield is 5.02% and it pays out 62% of its earnings.
How has AngloGold Ashanti stock performed over the last year?
It has risen 31.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 62.55 and 129.14 USD. Past performance does not guarantee future results.
What do analysts think of AngloGold Ashanti?
8 analysts cover it; their average recommendation is “Buy” and their average target is 117.50 USD (+30.5% versus the price). It is an estimate, not market data.