Anglogold Ashanti PLC (AU) Stock AnalysisAUAnglogold Ashanti PLC

AngloGold Ashanti plc is a global gold mining company with a diverse portfolio of operations, projects and exploration activities in over 10 countries, across four continents. The Company’s diverse portfolio includes approximately 10 operations in eight countries, which includes Argentina, Australia, Brazil, the Democratic Republic of the Congo (DRC), Egypt, Ghana, Guinea and Tanzania. Its Africa portfolio includes Kibali- managed by Barrick Gold Corporation, Egypt (Sukari), Ghana (Iduapriem and Obuasi), Guinea (Siguiri) and Tanzania (Geita). Australia hosts two of its operations, which include Sunrise Dam and Tropicana, both in the north-eastern goldfields in the state of Western Australia. The Americas hosts three of its operations, one in Argentina and two in Brazil, and a significant new greenfield development in Nevada in the United States. It operates in the Basic Materials sector.

AngloGold Ashanti PLC (AU) is currently not a strong buy due to mixed analyst ratings and recent downgrades. The current price is $94.16, with a forward P/E of 14.51, which suggests the stock may be fairly valued. The RSI is at 48.57, indicating a neutral momentum. The main risk is the recent 8.6% downward revision in earnings estimates, which could negatively impact investor sentiment.

4 analysts cover AU: 3 rate it Buy, 1 Hold and 0 Sell. The average price target is 116.20.