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Anglogold Ashanti PLC (AU) AI Stock Analysis
Anglogold Ashanti PLC
(NYSE:AU)
The score is driven primarily by strong financial performance (high margins, strong free cash flow, and improving leverage) and a constructive earnings-call backdrop (reaffirmed guidance, net-cash balance sheet, and sizable shareholder returns). These positives are partially offset by weak technicals (price below major moving averages with negative MACD and weak momentum) and operational/cost risks highlighted on the call.
Anglogold Ashanti PLC (AU) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $41.17B
- Dividend Yield
- 5.55%
- Average Volume (3M)
- 2.53M
- Price to Earnings (P/E)
- 10.8
- Beta (1Y)
- 1.13
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- US
- Employees
- 38,000
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Gold
Anglogold Ashanti PLC Business Overview & Revenue Model
Company Description
AngloGold Ashanti plc operates as a gold mining company in Africa, Australia, and the Americas. It explores for gold, as well as by-products, including silver and sulphuric acid. The company’s flagship property includes 100% owned the Geita mine loca...
How the Company Makes Money
AngloGold Ashanti primarily makes money by producing and selling gold from its mining operations. Revenue is generated when the company extracts gold-bearing ore, processes it through milling and recovery circuits to produce gold (often as doré bars)...
Anglogold Ashanti PLC Earnings Call Summary
The call communicated a strong financial and operational performance with material YoY improvements in EBITDA, earnings, EPS, cash generation and a transformed balance sheet (net cash and ample liquidity). Management highlighted disciplined cost control via Full Asset Potential programs and significant shareholder returns (dividends, buybacks). Key challenges include a fatal safety incident at Obuasi with short‑term production impacts, elevated industry‑wide cost pressures (inflation, fuel, royalties) that increased cash costs by ~21%, and a lumpy, elevated tax payment in Q2. Management reiterated guidance, detailed a credible low‑capex organic growth pipeline and expects tax seasonality to improve cash conversion in H2. Overall the positives (strong earnings/cash, balance sheet improvement, growth optionality, shareholder returns) substantially outweigh the operational and macro headwinds, which management considers manageable.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management reaffirmed full‑year guidance and expects a second‑half weighted production profile (about a 6% H2 increase with a particularly strong Q4), with H1 production ~1.5Moz; Q2 total cash cost $1,480/oz (H1 cash cost ~$1,436/oz), Q2 free cash flow $727m (+36% YoY) and cash from operations $1.4bn in Q2 (H1 cash generated $1.8bn, +49% YoY); EBITDA rose 46% to $2.0bn and headline earnings ~+58% to $1.0bn (basic EPS $1.97 vs $1.32); Q2 cash taxes were a seasonal $542m (expected to fall to ~$230–$250m in each of Q3 and Q4), liquidity is $4.2bn with net cash ~$991m (vs net debt $311m a year ago), dividends of $0.125/share quarterly (H1 declarations $949m, including $364m in Q2) with an annual true‑up to 50% of FCF, a $2bn open‑market buyback approved (pending SARB) and $666m of bonds already repurchased, while management expects to sustain margins, target low‑CapEx brownfield growth that could add ~10–15% to production over 3 years (roughly 300–450k oz above a 2025 baseline) and to see lower H2 cash costs from higher volumes.
Anglogold Ashanti PLC Financial Statement Overview
Summary
Strong operating and financial results with sharply higher scale and profitability (TTM net margin ~31% and very strong EBIT/EBITDA margins), robust cash generation (TTM FCF $4.25B; OCF covers debt ~3.25x), and improving leverage (debt down to $1.79B TTM; debt/equity ~0.27x). Primary risk is cyclicality/volatility given the swing from losses in 2023 to very high profits in 2025–TTM, typical for gold producers.
Income Statement
88Very PositiveBalance Sheet
82Very PositiveCash Flow
85Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.82B | 9.89B | 5.79B | 4.58B | 4.50B | 4.03B |
| Gross Profit | 6.33B | 4.60B | 2.07B | 1.03B | 1.13B | 1.17B |
| EBITDA | 8.01B | 5.51B | 2.58B | 872.00M | 1.25B | 1.29B |
| Net Income | 3.81B | 2.64B | 1.00B | -235.00M | 233.00M | 614.00M |
Balance Sheet | ||||||
| Total Assets | 15.55B | 15.08B | 13.16B | 8.18B | 8.01B | 8.01B |
| Cash, Cash Equivalents and Short-Term Investments | 2.78B | 2.93B | 1.43B | 964.00M | 1.11B | 1.15B |
| Total Debt | 1.79B | 2.44B | 2.15B | 2.42B | 2.17B | 2.09B |
| Total Liabilities | 4.81B | 5.16B | 4.64B | 4.43B | 3.94B | 3.91B |
| Stockholders Equity | 8.96B | 8.09B | 6.63B | 3.71B | 4.04B | 4.05B |
Cash Flow | ||||||
| Free Cash Flow | 4.23B | 3.10B | 878.00M | -61.00M | 257.00M | 196.00M |
| Operating Cash Flow | 6.09B | 4.71B | 1.97B | 981.00M | 1.80B | 1.22B |
| Investing Cash Flow | -1.63B | -1.27B | -762.00M | -1.02B | -1.56B | -1.01B |
| Financing Cash Flow | -3.71B | -1.94B | -727.00M | 24.00M | -224.00M | -345.00M |
Anglogold Ashanti PLC Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU, the sentiment is Negative. The current price of 81.41 is below the 20-day moving average (MA) of 88.18, below the 50-day MA of 97.56, and below the 200-day MA of 95.32, indicating a bearish trend. The MACD of -3.88 indicates Positive momentum. The RSI at 35.06 is Neutral, neither overbought nor oversold. The STOCH value of 23.93 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU.
Anglogold Ashanti PLC Risk Analysis
Anglogold Ashanti PLC disclosed 1 risk factors in its most recent earnings report. Anglogold Ashanti PLC reported the most risks in the "Legal & Regulatory" category.
Latest Risks Added
0 New RisksAnglogold Ashanti PLC Peers Comparison
Overall Rating
HMY84Outperform
CDE80Outperform
GFI77Outperform
NEM77Outperform- AU74Outperform
SSRM71Outperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HMY | 84Outperform | $9.75B | 5.47 | 46.23% | 5.04% | 49.72% | 120.32% |
| CDE | 80Outperform | $13.69B | 10.64 | 12.49% | 0.15% | 116.79% | 211.59% |
| GFI | 77Outperform | $31.28B | 7.02 | 51.87% | 6.82% | 71.19% | 133.85% |
| NEM | 77Outperform | $113.37B | 12.44 | 26.45% | 0.96% | 23.41% | 33.87% |
| AU | 74Outperform | $41.54B | 10.84 | 45.77% | 5.55% | ― | ― |
| SSRM | 71Outperform | $5.45B | 17.80 | 7.75% | 0.11% | 48.40% | 42.80% |
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU | Anglogold Ashanti PLC | 81.41 | 17.34 | 27.07% | |
| CDE | Coeur Mining | 13.41 | -0.76 | -5.39% | |
| GFI | Gold Fields | 34.56 | -2.12 | -5.77% | |
| HMY | Harmony Gold Mining Co. Ltd | 15.10 | -0.25 | -1.63% | |
| NEM | Newmont Mining | 107.47 | 26.60 | 32.89% | |
| SSRM | Ssr Mining | 26.16 | 6.70 | 34.42% |
Anglogold Ashanti PLC Corporate Events
AngloGold Ashanti Showcases Nevada Beatty Gold District in Investor Site Visit
AngloGold Ashanti plc, a global gold producer with listings on the NYSE, JSE and GSE, is expanding its presence in Nevada, leveraging the state’s reputation as a leading mining jurisdiction to develop back-to-back gold projects near Beatty. The...
AngloGold Ashanti Appoints Paul Graves as Independent Non-Executive Director
AngloGold Ashanti plc announced on 25 September 2026 the appointment of Paul Graves as an independent non-executive director, effective 1 October 2026. He will serve on the Audit and Risk Committee and the Social, Ethics and Sustainability Committee,...
AngloGold Ashanti Showcases Progress at Nevada Beatty Gold District in Investor Site Visit
AngloGold Ashanti plc, a global gold producer with listings on the NYSE and JSE, is expanding its footprint in North America through the development of the Beatty Mining District in southern Nevada. Its strategy centers on building large, long-life,...
AngloGold Ashanti Posts Strong H1 2026 Profits and Cash Flow as Gold Prices Surge
For the six months ended 30 June 2026, AngloGold Ashanti reported a slight decline in group gold production but a sharp rise in gold income to $6.19 billion, driven by significantly higher realised gold prices. Profit for the period more than doubled...
AngloGold Ashanti Boosts Cash, Dividends and Buybacks on Strong Q2 2026 Earnings
AngloGold Ashanti plc reported strong financial results for the three and six months ended 30 June 2026, with Q2 2026 EBITDA rising 46% year-on-year to $2.0bn and free cash flow up 36% to $727m, despite more than doubling cash tax payments. Headline...
AngloGold Ashanti Posts Lower Gold Output in First Half of 2026
AngloGold Ashanti reported operating statistics for the three and six months ended 30 June 2026, showing that group gold production declined year on year. Total production fell to 744,000 ounces in the second quarter of 2026 from 804,000 ounces in th...
AngloGold Ashanti Files Form 6-K With Q1 2026 Earnings Presentation
On 31 July 2026, AngloGold Ashanti plc, a global gold miner with listings on the NYSE, JSE and GSE, filed a Form 6-K with the U.S. Securities and Exchange Commission for the month of May 2026. The filing underscores the company’s status as a fo...
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.
Date of analysis: Oct 25, 2026