AngloGold Ashanti plc
AngloGold Ashanti plc is a global gold mining company focused on the exploration, development, production, processing, and sale of gold. AngloGold Ashanti plc also produces by-products such as silver and sulphuric acid, supporting a broader metals and mining portfolio. Its operations and exploration activities are distributed across Africa, Australia, and the Americas, giving the business exposure to multiple gold-producing regions and orebody types. The company’s asset base includes operating mines, development projects, and exploration properties, which are managed through a geographically diversified structure. AngloGold Ashanti plc serves industrial and financial market demand for gold, a core precious metal used in jewelry, investment products, and various industrial applications. As a large international mining group, it plays a significant role in the global gold supply chain and remains a key participant in the basic materials sector.
$91.49
+$0.66 (+0.73%)
EOD Oct 21, 2026
Margins and capital returns are both well above average: 43.15% operating margin, ROIC at 27.72%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue up 70.8% YoY with margins expanding 16.3pp.
Even for strong businesses, today's 12x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
12.3x earnings, 10.5x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$11.82B
▲ +70.8% YoY
Net Income (TTM)
$4.48B
▲ +202.6% YoY
Op. Margin
50.06%
▲ +16.3pp YoY
ROIC
27.72%
▲ +16.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$4.47B
▲ +279.8% YoY
Op. Cash Flow (TTM)
$6.18B
▲ +105.7% YoY
Net Debt
-$624M
Net Cash Position
Cash & Equiv.
$2.90B
3Y CAGR: +30.0%
3Y CAGR: +62.6%
Continue Research
Is AngloGold Ashanti (AU) overvalued?
At a P/E of 12.3 and a price-to-free-cash-flow of 10.5, AngloGold Ashanti (AU) trades below a two-stage DCF intrinsic value of about $442.69 per share, so at $91.49 the stock looks undervalued (383.9% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, AngloGold Ashanti scores 88/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 5.0%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is AngloGold Ashanti's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $442.69 per share for AU, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $332.01. At today's $91.49, that puts the stock about 383.9% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is AngloGold Ashanti a high-quality business?+
AngloGold Ashanti scores 88 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 50.1% operating margin and a 27.7% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does AngloGold Ashanti (AU) pay a dividend, and how much?+
Yes, AngloGold Ashanti pays a regular dividend of about $4.59 per share per year (typically in quarterly installments), a yield of roughly 5.0% at the current price. That is a payout ratio of about 52.4% of earnings, so the dividend is well covered. AngloGold Ashanti has grown the dividend at roughly 127.0% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For AU's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is AngloGold Ashanti a good stock to buy right now?+
That depends on valuation and quality together, not either alone. AU currently trades below its estimated intrinsic value and scores 88/100 on quality (high-quality). It also yields about 5.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Gold
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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