AngloGold Ashanti (AU) Stock Analysis

November 11, 2026

This is a peer-relative look at AngloGold Ashanti (AU): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Materials peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for AngloGold Ashanti (AU)
Profile Item	AU
Name	AngloGold Ashanti plc
Country/Region	United States
GICS Sector	Materials
GICS Industry Group	Materials
GICS Industry	Metals & Mining
GICS Sub-Industry	Gold
Market Capitalization	47.04 billion USD
Currency	USD
Exchange	NYSE
Listing Date	August 5, 1998
Security Type	Common Stock

Price Performance

Cumulative Growth

GSPC

AngloGold Ashanti (AU) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for AngloGold Ashanti (AU) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for AngloGold Ashanti (AU) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

AngloGold Ashanti (AU) metric values compared with Materials industry-group medians
Metric	Current stock: AU	Industry group median
Total Return (1Y)	47.97%	19.59%
Total Return (3Y, Annualized)	87.34%	18.91%
Total Return (5Y, Annualized)	42.76%	5.70%

Risk Profile

Drawdown History

GSPC

AngloGold Ashanti (AU) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for AngloGold Ashanti (AU) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

AngloGold Ashanti (AU) metric values compared with Materials industry-group medians
Metric	Current stock: AU	Industry group median
Volatility (1Y, Annualized)	60.11%	52.82%
Beta (5Y)	0.67	0.97
Max Drawdown (5Y)	-51.75%	-58.44%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. AU is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

AngloGold Ashanti (AU) metric values compared with Materials industry-group medians
Metric	Current stock: AU	Industry group median
Sharpe Ratio (1Y)	0.73	0.32
Sortino Ratio (1Y)	1.07	0.47

Profitability

ROE (TTM)

AngloGold Ashanti (AU) posts ROE of 44.33%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

AU

Materials industry group

44.33%

Group distribution

Max: 52.88%
AU: 44.33%
Q3: 19.49%
Median: 8.76%
Q1: -3.41%
Min: -32.81%

Largest peers

SCCO: 52.88%
AU: 44.33%
NEM: 27.26%
BHP: 24.00%
AEM: 23.24%
RIO: 19.31%
LIN: 17.72%

Where AngloGold Ashanti (AU) stands on ROE within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

AngloGold Ashanti (AU) keeps 32.64% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

AU

Materials industry group

32.64%

Group distribution

Max: 38.66%
AU: 32.64%
Q3: 15.98%
Median: 5.28%
Q1: 0.00%
Min: -20.40%

Largest peers

AEM: 41.01%
SCCO: 37.16%
NEM: 34.73%
AU: 32.64%
RIO: 19.59%
LIN: 19.34%
BHP: 16.73%

Where AngloGold Ashanti (AU) stands on net margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

AngloGold Ashanti (AU) turns 45.36% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

AU

Materials industry group

45.36%

Group distribution

Max: 66.70%
AU: 45.36%
Q3: 28.92%
Median: 12.56%
Q1: 3.28%
Min: -14.07%

Largest peers

SCCO: 59.94%
AEM: 55.49%
NEM: 49.99%
AU: 45.36%
BHP: 43.34%
RIO: 28.05%
LIN: 27.97%

Where AngloGold Ashanti (AU) stands on operating margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

AngloGold Ashanti (AU) metric values compared with Materials industry-group medians
Metric	Current stock: AU	Industry group median
ROE (TTM)	44.33%	8.76%
ROA (TTM)	24.39%	4.42%
Net Margin (TTM)	32.64%	5.28%
Operating Margin (TTM)	45.36%	12.56%
Gross Margin (TTM)	54.84%	27.57%

Growth

Revenue Growth

AngloGold Ashanti (AU) grew revenue 70.78%, in the upper peer quartile. The top line is expanding faster than at most industry peers, which points to share gains or stronger pricing.

AngloGold Ashanti (AU): Revenue Growth across different time periods, set against Materials industry-group medians.

EPS Growth

AngloGold Ashanti (AU) grew earnings per share 122.32%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.

AngloGold Ashanti (AU): EPS Growth across different time periods, set against Materials industry-group medians.

Growth Metrics

AngloGold Ashanti (AU) metric values compared with Materials industry-group medians
Metric	Current stock: AU	Industry group median
Revenue Growth (YoY)	70.78%	8.36%
Revenue Growth (3Y CAGR)	30.02%	0.59%
EPS Growth (YoY)	122.32%	-1.73%
EPS Growth (3Y CAGR)	93.95%	2.12%

Financial Strength

Current Ratio (MRQ)

AngloGold Ashanti (AU) has current ratio of 2.55, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

AU

Materials industry group

2.55

Group distribution

Max: 5.96
Q3: 3.30
AU: 2.55
Median: 2.24
Q1: 1.45
Min: 0.16

Largest peers

SCCO: 4.31
AEM: 2.75
AU: 2.55
NEM: 2.45
BHP: 1.89
RIO: 1.42
LIN: 0.86

Where AngloGold Ashanti (AU) stands on current ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

AngloGold Ashanti (AU) has debt-to-equity ratio of 0.16, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

AU

Materials industry group

0.16

Group distribution

Max: 1.98
Q3: 0.89
Median: 0.47
AU: 0.16
Q1: 0.13
Min: 0.00

Largest peers

LIN: 0.65
SCCO: 0.63
BHP: 0.50
RIO: 0.32
AU: 0.16
NEM: 0.16
AEM: 0.01

Where AngloGold Ashanti (AU) stands on debt-to-equity ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

AngloGold Ashanti (AU) metric values compared with Materials industry-group medians
Metric	Current stock: AU	Industry group median
Current Ratio (MRQ)	2.55	2.24
Debt / Equity (MRQ)	0.16	0.47
Net Debt / EBITDA	-0.17	1.37

Dividends

Dividend Yield (TTM)

AngloGold Ashanti (AU) has dividend yield of 4.88%, above the entire industry range. That headline income is large, but yields this far above peers often come from a falling share price or an at-risk payout, so dividend safety matters more than the percentage itself.

AU

Materials industry group

4.88%

Group distribution

AU: 4.88%
Max: 4.52%
Q3: 1.85%
Median: 0.38%
Q1: 0.00%
Min: 0.00%

Largest peers

RIO: 5.59%
AU: 4.88%
SCCO: 2.30%
BHP: 2.19%
LIN: 1.21%
AEM: 0.93%
NEM: 0.87%

Where AngloGold Ashanti (AU) stands on dividend yield within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

AngloGold Ashanti (AU) has payout ratio of 58.78%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

AU

Materials industry group

58.78%

Group distribution

Max: 83.62%
AU: 58.78%
Q3: 41.37%
Median: 9.54%
Q1: 0.00%
Min: 0.00%

Largest peers

BHP: 68.84%
AU: 58.78%
RIO: 54.46%
SCCO: 52.43%
LIN: 41.83%
AEM: 14.26%
NEM: 11.95%

Where AngloGold Ashanti (AU) stands on payout ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

AngloGold Ashanti (AU) metric values compared with Materials industry-group medians
Metric	Current stock: AU	Industry group median
Dividend Yield (TTM)	4.88%	0.38%
Dividend Payout Ratio (TTM)	58.78%	9.54%

Valuation

P/E Ratio (TTM)

AngloGold Ashanti (AU) trades at P/E ratio of 12.09, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

AU

Materials industry group

12.09

Group distribution

Max: 59.00
Q3: 32.93
Median: 18.82
AU: 12.09
Q1: 11.96
Min: 3.93

Largest peers

LIN: 34.21
SCCO: 22.27
BHP: 20.70
AEM: 15.61
NEM: 14.03
AU: 12.09
RIO: 11.35

Where AngloGold Ashanti (AU) stands on P/E ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

AngloGold Ashanti (AU) trades at 3.91 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

AU

Materials industry group

3.91

Group distribution

Max: 9.62
Q3: 4.34
AU: 3.91
Median: 1.87
Q1: 0.73
Min: 0.00

Largest peers

SCCO: 8.34
LIN: 6.53
AEM: 6.44
NEM: 4.72
AU: 3.91
BHP: 3.46
RIO: 2.20

Where AngloGold Ashanti (AU) stands on P/S ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

AngloGold Ashanti (AU) trades at 5.01 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

AU

Materials industry group

5.01

Group distribution

Max: 6.59
AU: 5.01
Q3: 3.55
Median: 2.08
Q1: 1.26
Min: -0.17

Largest peers

SCCO: 10.89
LIN: 6.00
AU: 5.01
BHP: 3.98
NEM: 3.53
AEM: 3.27
RIO: 2.08

Where AngloGold Ashanti (AU) stands on P/B ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

AngloGold Ashanti (AU) metric values compared with Materials industry-group medians
Metric	Current stock: AU	Industry group median
P/E Ratio (TTM)	12.09	18.82
P/S Ratio (TTM)	3.91	1.87
P/B Ratio (MRQ)	5.01	2.08
Free Cash Flow Yield (TTM)	7.61%	3.08%