AngloGold Ashanti Plc.

AngloGold Ashanti Plc.

AU

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Market Cap$48.92B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
AngloGold Ashanti Plc.AngloGold Ashanti Plc.14.14.75%29%5.10.3

Earnings Call Q4 2025

February 20, 2026 - AI Summary

Record Financial Performance: AngloGold Ashanti reported a record free cash flow of $2.9 billion in 2025, nearly triple the $956 million generated in 2024. Adjusted EBITDA also surged to $6.3 billion, up 129% year-on-year, while basic earnings rose to $2.6 billion from $1 billion in 2024. This demonstrates strong operational execution and effective cost management amid rising gold prices, which averaged $3,468 an ounce in 2025, a 45% increase compared to 2024.
Dividend Policy and Shareholder Returns: The company declared an $875 million dividend for Q4 2025, bringing total dividends for the year to nearly $2 billion or $3.57 per share, reflecting a commitment to returning value to shareholders. The dividend policy sets a payout ratio of 50% of free cash flow, with additional payments based on surplus cash flow, indicating confidence in sustained profitability. However, future payouts are uncertain, with no set ceiling at current gold prices.
Production Growth Outlook: For 2026, gold production is projected between 2.8 million ounces and 3.17 million ounces. The company aims to offset increased costs and royalties through active management of their high-quality Tier 1 assets, which currently account for over 70% of production. Obuasi is expected to increase its production contribution, targeting over 300,000 ounces with ongoing improvements in operations.

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$144.60

Target Price by Analysts

56.8% upsideAngloGold Ashanti Plc. Target Price DetailsTarget Price
$129.09

Current Fair Value

40% upside

Undervalued by 40% based on the discounted cash flow analysis.

Share Statistics

Market cap$48.92 Billion
Enterprise Value$48.02 Billion
Dividend Yield$3.56 (4.75%)
Earnings per Share$5.19
Beta0.62
Outstanding Shares504,887,500

Return

Return on Equity28.71%ROE
Return on Assets15.60%
Return on Invested Capital29.34%

Valuation & Multiples

P/E Ratio14.08P/E Ratio
PEG-PEG
Price to Sales5.12Price to Sales
Price to Book Ratio4.61Price to Book Ratio
Enterprise Value to Revenue5.18
Enterprise Value to EBIT11.75
Enterprise Value to Net Income19
Total Debt to Enterprise0.05
Debt to Equity0.27Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 8, 2026
EPS Estimate
$2.27
Average shareholder expectation
Revenue Estimate
$3.26 B
Average shareholder expectation

Next Earnings Call

Expected Date
July 31, 2026
EPS Estimate
$2.13
Average shareholder expectation
Revenue Estimate
$3.29 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio2.0568 8.86%
Total Calls2,014,026 40.02%
Total Puts4,142,400 42.50%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %44.43% 1.36%
Total Invested$22.25B 15.63%
Investors Holding601 54.00%

ESG Score

No data

About AngloGold Ashanti Ltd

CEO: Kelvin Dushnisky

Relevant Senate Committees

Finance

Controls U.S. tax policy and trade agreements; changes to international tax laws or gold import tariffs significantly affect the company's net profitability.

Agriculture, Nutrition, and Forestry

Oversees the CFTC, which regulates the derivatives and futures markets where gold prices are discovered and hedged, directly impacting revenue management.

Banking, Housing, and Urban Affairs

Regulates the SEC and financial markets; as an ADR listed on the NYSE, the company is subject to financial oversight and regulations regarding gold as a financial asset.

Energy and Natural Resources

Oversees national mineral policy and the Department of Energy; its decisions regarding critical minerals and resource security can influence global mining standards and U.S. investment interest.