AngloGold Ashanti plc (AU) fair value: what the stock is really worth
As of Oct 23, 2026: fair value (intrinsic value) of AngloGold Ashanti plc stock $88.60, price $83.59, upside +6.0%, quality 70 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 24, 2026.
How to read this chart
60‑month range $10.88 – $123.84 · fair‑value band $66.45 – $110.75 · the $83.59 price screens below the $88.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 24, 2026.
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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.
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The company's flagship property includes 100% owned the Geita mine located in the Lake Victoria goldfields of the Geita region in northwestern Tanzania. AngloGold Ashanti plc was incorporated in 1944 and is headquartered in Greenwood Village, Colorado.
Stock analysis
AngloGold Ashanti plc (AU) currently trades at $83.59, while our model-based Fair Value estimate is $88.60, so the stock looks roughly fairly valued today (gap 5.7%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $107.89 per share, and 12 of the 26 models we run sit above the $83.59 price.
Bear case: the Asset-Based group reads lowest at $10.44, and 14 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $66.45 (bear) to $110.75 (bull), the price of $83.59 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
AngloGold Ashanti plc reported revenue of $9.9B in FY2025 versus $4.0B in FY2021, a compound +25.2%/yr. Reported net income was $2.6B in FY2025, compounding +43.9%/yr from FY2021.
Key figures
Market cap $42.7B Large · P/E ratio 11.2 · P/S ratio 4.24 · EPS (TTM) $7.46 · Dividend yield 5.4% · Net margin 32.2% · Return on equity 44.7% · Return on assets (EBIT) 13.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 76 out of 100 (medium confidence).
What moves the price
The share trades about 33% below its 52-week high and 38% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 17% fair-value upside, at 6%, AU screens richer than that median.
Fair Value models
Bear$66.45Fair Value $88.60Bull$110.75
Price $83.59 · Upside +6.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($2.39 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+70.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+30.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.6%
Start year 2020 (pandemic). Over 10 years: +9.4% a year
Revenue growth 28 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+38.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+32.8%
Dividend (yield on the price)5.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.21.8% vs 46.5%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.33% → 45%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−0.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+10.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −2.6% a year for the price and +8.3% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Strong reported ROE marks this scale-driven gold producer, yet limited evidence of moat drivers beyond size leaves it exposed in a commoditized market.
Main risk: Commodity price cycles could pressure margins for this gold producer whose output depends on prevailing metal prices.
AngloGold Ashanti is directing fresh capital toward expanding its Geita mine and other brownfield assets to lengthen mine lives and lift output from existing operations. The strategy relies on known geology and infrastructure rather than new discoveries. Does this focus on incremental growth at familiar sites ultimately strengthen the business more than a sharper emphasis on cost discipline or asset sales would?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Gold · 208 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+4.0% · Above median
Profitability
Return on equity (12 months)44.7% · Top 25%
Return on assets17.5% · Top 25%
Net margin (12 months)32.2% · Above median
Operating margin (12 months)51.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)27.0% · Below median
Dividend yield (12 months)5.4% · Top 25%
Balance sheet
Debt / equity0.25× · Highest 25%
Valuation Multiplesvs Gold median · lower = cheaper
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Is AngloGold Ashanti plc (AU) overvalued or undervalued?
As of Oct 24, 2026, our model estimates a fair value of $88.60 versus a price of $83.59, about +6% upside (fairly valued).
What is the fair value of AU?
Our model-based fair value for AngloGold Ashanti plc is $88.60 (as of Oct 24, 2026), built from audited fundamentals. The current price: $83.59.
What is the quality score of AU?
AngloGold Ashanti plc has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for AngloGold Ashanti plc (AU)?
Our model-based price target is the fair value of $88.60 (as of Oct 24, 2026) from 26 valuation models. Cautious scenario $66.45, optimistic scenario $110.75. It is a calculation from audited fundamentals, not an analyst target.
What is the AngloGold Ashanti plc stock forecast for 2026?
Our models put fair value at $88.60, about +6% upside versus a price of $83.59 (fairly valued). Cautious scenario $66.45, optimistic scenario $110.75. The calculation is refreshed regularly with new filings.
What is the revenue of AngloGold Ashanti plc (AU)?
AngloGold Ashanti plc reported trailing-twelve-month revenue of about $11.8B (latest available figure, as of Oct 24, 2026).
Does AngloGold Ashanti plc pay a dividend?
AngloGold Ashanti plc currently shows a dividend yield of 5.41% relative to its recent price (as of Oct 24, 2026).
What growth is priced into AngloGold Ashanti plc (AU)?
For today's price to be fair in a discounted-cash-flow model, AngloGold Ashanti plc would have to grow free cash flow by -0.3 % per year for five years (discount rate 8.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.6 % per year. As of Oct 24, 2026.
What discount rate (WACC) does the fair value of AU use?
Our models discount AngloGold Ashanti plc at 8.6 %: a base by market capitalisation (large), damped by beta 0.74, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For AngloGold Ashanti plc that is -0.3 % per year a year over ten years, using the same discount rate (8.6 %) and the same formula as our fair value.
How much growth has AngloGold Ashanti plc (AU) delivered so far?
Over the past 5 years revenue at AngloGold Ashanti plc grew +16.6 % a year. The price currently implies -0.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of AngloGold Ashanti plc (AU) growing?
The median revenue growth in the sector is +9.5 % a year. That is the yardstick for the growth priced into AngloGold Ashanti plc (-0.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AngloGold Ashanti plc (AU)?
The free-cash-flow yield on the price is 7.27 %: that much free cash flow AngloGold Ashanti plc produces per unit of market value. When it exceeds the discount rate of our models (8.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AngloGold Ashanti plc (AU)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AngloGold Ashanti plc it is $88.60 per share (as of Oct 24, 2026), against a price of $83.59. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is AngloGold Ashanti plc stock overvalued or undervalued in 2026?
As of Oct 24, 2026, AU trades below its calculated fair value: price $83.59, fair value $88.60, a gap of about +6% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AU?
No. The price is what the market pays today ($83.59); the fair value is what the company's own numbers justify ($88.60). For AngloGold Ashanti plc the two are $5.01 per share apart. That gap is exactly why we show both numbers side by side.
How much is AngloGold Ashanti plc worth?
The market values AngloGold Ashanti plc at about $42.7B (market capitalisation, as of Oct 24, 2026). Per share that is $83.59; our models calculate a fair value of $88.60 per share.
What do the bullish and bearish scenarios say about AU?
Our models span a range for AngloGold Ashanti plc: cautious scenario $66.45, base $88.60, optimistic $110.75 per share (as of Oct 24, 2026, price $83.59). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AU?
AngloGold Ashanti plc trades at a price-to-earnings ratio of 11.2 (as of Oct 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $88.60 is built from several models across several years. Other multiples: PEG 0.8, P/B 6.2, P/S 4.2, EV/EBITDA 6.9.
What is the PEG ratio of AU?
The PEG ratio of AngloGold Ashanti plc is 0.78 (P/E divided by earnings growth, as of Oct 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of AngloGold Ashanti plc (AU)?
Balance-sheet figures for AngloGold Ashanti plc (as of Oct 24, 2026): return on equity 44.7%, debt of 0.25 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is AU from its 52-week high?
AngloGold Ashanti plc trades at $83.59, about 33% below its 52-week high of $123.84 and 38% above the low of $60.79 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of $88.60 is for.
Which stocks are comparable to AngloGold Ashanti plc?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Wheaton Precious Metals Corp, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is AngloGold Ashanti plc stock attractive at the current price?
The data as of Oct 24, 2026: price $83.59, calculated fair value $88.60 (+6%), Quality Score 70/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AU calculated?
We run AngloGold Ashanti plc through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $88.60, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 12.3 % above its aggregate fair value. AngloGold Ashanti plc currently trades 6 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of AngloGold Ashanti plc (AU)?
The closing price on Oct 23, 2026 was $83.59. Our model-based fair value is $88.60, about +6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AngloGold Ashanti plc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of AngloGold Ashanti plc
How large is the market capitalisation of AngloGold Ashanti plc (AU)?
The market capitalisation of AngloGold Ashanti plc is $42.7B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of AngloGold Ashanti plc (AU)?
The price-to-sales ratio of AngloGold Ashanti plc is 4.24 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AngloGold Ashanti plc (AU)?
Earnings per share at AngloGold Ashanti plc are $7.46 (price ÷ EPS = P/E 11.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of AngloGold Ashanti plc (AU)?
The dividend yield of AngloGold Ashanti plc is 5.4% (payout 60.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of AngloGold Ashanti plc (AU)?
The net margin of AngloGold Ashanti plc is 32.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of AngloGold Ashanti plc (AU)?
The return on equity (ROE) of AngloGold Ashanti plc is 44.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of AngloGold Ashanti plc (AU)?
On an EBIT basis the return on assets of AngloGold Ashanti plc is 13.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of AngloGold Ashanti plc (AU)?
The operating margin of AngloGold Ashanti plc is 51.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AngloGold Ashanti plc (AU)?
Revenue at AngloGold Ashanti plc is growing +27.0% versus a year earlier (3y avg +30.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at AngloGold Ashanti plc (AU)?
Earnings per share at AngloGold Ashanti plc are growing +50.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does AngloGold Ashanti plc (AU) hold?
AngloGold Ashanti plc holds more cash than debt, $492M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Oct 24, 2026