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Anglo Asian Mining
(LSE:AAZ)
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Rating:52Neutral
Price Target:
419.00 p
▼(-1.41% Downside)
Action:Reiterated
Date:09/19/26
The score is anchored by improving financial performance in 2025 (profitability and cash flow rebound), but is held back by the company’s earnings volatility and higher leverage. Technical indicators are currently weak (negative MACD, low RSI/stochastic, trading below key short-term averages), and valuation remains relatively expensive (high P/E with a low dividend yield).
Positive Factors
Revenue and Profitability Rebound
The sharp 2025 recovery shows that Anglo Asian Mining can restore revenue and earnings when operating conditions improve. A return to profitability strengthens internal funding capacity and provides a better base for sustaining production, development, and exploration over the coming quarters.
Negative Factors
Earnings Volatility
The sharp swings between profitability and substantial losses demonstrate an uneven earnings history. This volatility makes future performance less predictable and indicates that the business remains sensitive to execution and commodity conditions, potentially weakening confidence in the durability of recent earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profitability Rebound
The sharp 2025 recovery shows that Anglo Asian Mining can restore revenue and earnings when operating conditions improve. A return to profitability strengthens internal funding capacity and provides a better base for sustaining production, development, and exploration over the coming quarters.
Read all positive factors
Anglo Asian Mining (AAZ) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£434.42M
Dividend Yield0.79%
Average Volume (3M)77.70K
Price to Earnings (P/E)9.9
Beta (1Y)0.93
Revenue Growth220.16%
EPS GrowthN/A
CountryUK
Employees1,356
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.51
Shares Outstanding114,622,025
10 Day Avg. Volume82,357
30 Day Avg. Volume77,700
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)0.59
Revenue Forecast (FY)£239.72M
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
Anglo Asian Mining makes money primarily by producing and selling metal products derived from ore mined at its operating assets in Azerbaijan. The core revenue stream is the sale of gold produced from processed ore; reported production is typicall...
Anglo Asian Mining Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 220.64M | 125.37M | 39.59M | 45.85M | 84.72M | 92.49M |
| Gross Profit | 117.50M | 54.17M | -10.07M | -4.46M | 15.76M | 18.02M |
| EBITDA | 132.01M | 64.91M | -6.66M | -19.18M | 25.33M | 28.94M |
| Net Income | 58.29M | 18.05M | -17.50M | -24.24M | 3.66M | 7.36M |
Balance Sheet | ||||||
| Total Assets | 311.74M | 266.54M | 146.63M | 154.64M | 181.18M | 189.42M |
| Cash, Cash Equivalents and Short-Term Investments | 70.34M | 30.26M | 886.00K | 4.48M | 20.41M | 37.45M |
| Total Debt | 46.07M | 66.92M | 23.78M | 23.20M | 2.71M | 3.29M |
| Total Liabilities | 179.46M | 181.28M | 79.25M | 69.84M | 67.67M | 71.00M |
| Stockholders Equity | 132.28M | 85.26M | 67.37M | 84.69M | 113.51M | 118.42M |
Cash Flow | ||||||
| Free Cash Flow | 80.08M | 20.26M | -2.49M | -24.33M | -3.83M | 12.24M |
| Operating Cash Flow | 110.97M | 46.72M | 8.58M | 939.00K | 13.49M | 26.02M |
| Investing Cash Flow | -32.38M | -27.84M | -10.82M | -31.84M | -20.81M | -15.73M |
| Financing Cash Flow | -20.32M | 5.21M | -1.30M | 15.07M | -9.41M | -11.62M |
Anglo Asian Mining Technical Analysis
Negative
425.00
Price Trends
407.64
Negative
400.11
Negative
337.25
Positive
Market Momentum
-10.01
Positive
39.85
Neutral
35.69
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:AAZ, the sentiment is Negative. The current price of 425 is above the 20-day moving average (MA) of 404.72, above the 50-day MA of 407.64, and above the 200-day MA of 337.25, indicating a neutral trend. The MACD of -10.01 indicates Positive momentum. The RSI at 39.85 is Neutral, neither overbought nor oversold. The STOCH value of 35.69 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | £127.43M | 2.55 | 35.76% | 0.03% | 63.34% | 67.29% | |
71 Outperform | £476.43M | 17.94 | 12.83% | ― | -16.62% | ― | |
69 Neutral | £237.80M | 4.11 | 43.53% | ― | 67.48% | 66.08% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | £434.42M | 9.89 | 53.59% | 0.79% | 220.16% | ― | |
46 Neutral | £36.33M | -3.65 | -12.69% | 22.22% | ― | -416.67% | |
44 Neutral | £90.90M | -6.00 | -15.03% | ― | ― | -200.00% |
* Basic Materials Sector Average
GB:AAZ
Anglo Asian Mining
379.00
192.86
103.61%
GB:ALTN
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870.00
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GB:AAU
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1.35
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0.66
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GB:MTL
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2.90
23.02%
GB:SRB
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167.00
-61.38
-26.88%
Anglo Asian Mining Corporate Events
Business Operations and StrategyFinancial Disclosures
Anglo Asian boosts copper output as Demirli ramps up and 2026 guidance reaffirmed
Positive
Oct 16, 2026
Anglo Asian Mining reported continued momentum in its copper-led strategy, with Q3 2026 copper output rising to 5,514 tonnes as the Demirli mine ramps up towards steady-state production expected by the end of November. Gold and silver production i...
Business Operations and StrategyFinancial Disclosures
Anglo Asian Mining lifts Q3 copper output and reaffirms 2026 guidance
Positive
Oct 15, 2026
Anglo Asian Mining reported strong operational momentum in the third quarter of 2026, with copper production rising to 5,514 tonnes as the Demirli mine ramped up, cementing the company’s shift toward majority copper output this year. Gold an...
Business Operations and StrategyFinancial Disclosures
Anglo Asian Mining Plans Investor Presentation as Growth Strategy Accelerates
Positive
Sep 22, 2026
Anglo Asian Mining will host a live investor presentation on 30 September 2026 via the Investor Meet Company platform to discuss its recently published interim results. The event, led by senior executives Stephen Westhead and Bill Morgan, is open ...
Business Operations and StrategyDividendsFinancial Disclosures
Anglo Asian Mining Delivers Record Copper Output and Strong Cash Generation in H1 2026
Positive
Sep 21, 2026
Anglo Asian Mining reported record half-year copper output from its Azerbaijani operations, cementing its transition toward copper as its primary revenue driver. The AIM-listed producer is leveraging new production from the Demirli and Gilar mines...
Business Operations and StrategyDividends
Anglo Asian Mining Confirms 2025 Final Dividend Amid Copper-Focused Growth Drive
Positive
Aug 3, 2026
Anglo Asian Mining, an AIM-listed copper and gold producer operating in Azerbaijan, is expanding its asset base with new mines at Gilar and Demirli and intends to evolve into a mid-tier producer by 2030, targeting annual copper output of 50,000 to...
Regulatory Filings and Compliance
Anglo Asian Mining VP Exercises Options as Voting Rights Update Issued
Neutral
Jul 27, 2026
Anglo Asian Mining has reported that Vice President and PDMR Stephen Westhead exercised 160,000 share options at an exercise price of 111 pence per share, subsequently selling 40,000 shares at 380 pence to facilitate a cashless exercise. Following...
Business Operations and StrategyExecutive/Board Changes
Anglo Asian Grants Share Options to Non-Executive Director Amid Growth Push
Positive
Jul 23, 2026
Anglo Asian Mining has granted options over 150,000 new ordinary shares to non-executive director Cameron Pforr under its existing share option scheme. The options, exercisable at 412.50 pence, will vest in two equal tranches in July 2027 and July...
Business Operations and StrategyExecutive/Board Changes
Anglo Asian Mining strengthens board with tech-focused non-executive director
Positive
Jul 23, 2026
Anglo Asian Mining has appointed Cameron Pforr as a non-executive director, adding significant cybersecurity, technology and international corporate finance expertise to its board. Pforr, currently CEO and CFO of Mtron Industries and formerly a se...
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.