AngloGold Ashanti (ANG.JO)

Materials · JSE · South Africa

R1,257.99-16.31% today

Fundamentals

Market capR672.48B

P/E ratio11.9

Dividend yield5.87%

Revenue growth (YoY)+64.9%

Profit margin31.1%

Return on equity43.0%

52-week rangeR799.25 to R2,146.73

Next earnings2026-07-31

Valuation and ratings

DCF fair valueR2,926.00

Upside to fair value+132.6%

Analyst target (mean)R1,750.08

Analyst rangeR1,250.00 to R2,770.00

Analysts covering7

Consensus viewhold

Moat score93/100

Overall rating95/100, Strong Buy

AngloGold Ashanti trades at R1,257.99, which is 133% below the R2,926.00 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.

Our moat model scores it 93 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.

It changes hands at 11.9 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.

About AngloGold Ashanti

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 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.

Industry: GoldEmployees: 38,000HQ: United States

ANG.JO passes 6 of our 30 screens today

Each screen prints the exact criteria it used, and the circumstances in which it is wrong.

Undervalued on cash flow

Companies trading at least 25% below what our discounted cash flow model says the future cash is worth today.

Quality at a fair price

Good businesses, not cheap ones. A wide moat and a strong rating, at a multiple that has not run away.

Wide moat compounders

Businesses with a structural reason competitors cannot take their profits away. The rarest and most valuable thing in investing.

Deep value, with a pulse

A very low earnings multiple is usually a warning. This screen demands a low multiple AND evidence the business still works.

Dividend powerhouses

Yields above 3%, filtered for the one thing yield screens never check: whether the company can actually afford it.

High return on equity, low debt

A high ROE is easy to fake with borrowing. This screen demands the return without the leverage, which is a much shorter list.

Common questions

Is AngloGold Ashanti (ANG.JO) undervalued?

Against our discounted cash flow estimate of R2,926.00, ANG.JO at R1,257.99 is 133% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.

What is ANG.JO's P/E ratio?

ANG.JO trades at 11.9 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.

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Open ANG.JO in the app Free guides and screens

Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.