Buy Or Sell Opportunity • Aug 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.4% to €82.46. The fair value is estimated to be €105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to €84.22, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Metals and Mining industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €108 per share. Reported Earnings • Aug 04
Second quarter 2026 earnings released: EPS: US$1.96 (vs US$1.31 in 2Q 2025) Second quarter 2026 results: EPS: US$1.96 (up from US$1.31 in 2Q 2025). Revenue: US$3.10b (up 27% from 2Q 2025). Net income: US$1.00b (up 50% from 2Q 2025). Profit margin: 32% (up from 27% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Metals and Mining industry in Europe. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €83.96, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Metals and Mining industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €142 per share. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €79.68, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Metals and Mining industry in Europe. Reported Earnings • May 11
First quarter 2026 earnings released: EPS: US$2.52 (vs US$0.88 in 1Q 2025) First quarter 2026 results: EPS: US$2.52 (up from US$0.88 in 1Q 2025). Revenue: US$3.24b (up 65% from 1Q 2025). Net income: US$1.28b (up 189% from 1Q 2025). Profit margin: 40% (up from 23% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Metals and Mining industry in Europe. Duyuru • May 11
Anglogold Ashanti plc Announces Interim Dividend for the Three Months Ended 31 March 2026 , Payable on 12 June, 2026 AngloGold Ashanti plc announced an interim dividend for the three months ended 31 March 2026 of 116 US cents per share. In respect of the interim dividend, the timelines, including dates for currency conversions set out below will apply. Ex-dividend on NYSE: 29 May 2026. Record date: 29 May2026. Payment date: 12 June, 2026. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €86.52, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Metals and Mining industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €105 per share. Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: US$5.19 (vs US$2.33 in FY 2024) Full year 2025 results: EPS: US$5.19 (up from US$2.33 in FY 2024). Revenue: US$9.89b (up 71% from FY 2024). Net income: US$2.64b (up 163% from FY 2024). Profit margin: 27% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Metals and Mining industry in Europe. Buy Or Sell Opportunity • Mar 16
Now 24% undervalued Over the last 90 days, the stock has risen 15% to €80.00. The fair value is estimated to be €105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 101%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Recent Insider Transactions • Mar 11
CEO & Executive Director recently sold €3.5m worth of stock On the 6th of March, Alberto Calderon sold around 39k shares on-market at roughly €91.68 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Alberto has been a net seller over the last 12 months, reducing personal holdings by €5.0m. Duyuru • Mar 10
Mineros S.A. (BVC:MINEROS) agreed to acquire AngloGold Ashanti Colombia S.A. from AngloGold Ashanti plc (NYSE:AU) for $70 million. Mineros S.A. (BVC:MINEROS) entered into an agreement to acquire AngloGold Ashanti Colombia S.A. from AngloGold Ashanti plc (NYSE:AU) for $70 million on March 9, 2026.
A cash consideration of $10 million will be paid by Mineros S.A. Mineros S.A. will pay an earnout/contingent payment of $60 million cash.
The transaction is expected to close during the first quarter of 2026, subject to customary conditions. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €91.64, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Metals and Mining industry in Europe. Recent Insider Transactions • Mar 06
Chief Technology Officer recently sold €1.0m worth of stock On the 27th of February, Marcelo Godoy sold around 10k shares on-market at roughly €107 per share. This transaction amounted to 9.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.9m more than they bought in the last 12 months. Reported Earnings • Feb 21
Full year 2025 earnings released: EPS: US$5.19 (vs US$2.33 in FY 2024) Full year 2025 results: EPS: US$5.19 (up from US$2.33 in FY 2024). Revenue: US$9.89b (up 71% from FY 2024). Net income: US$2.64b (up 163% from FY 2024). Profit margin: 27% (up from 17% in FY 2024). The increase in margin was driven by higher revenue. Production and reserves: Gold Production: 3,091 troy koz (2,660 troy koz in FY 2024) Number of mines: 14 Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Metals and Mining industry in Europe. Duyuru • Feb 20
Anglogold Ashanti plc Announces Interim Dividend for the Three Months Ended 31 December 2025, Payable on March 27, 2026 AngloGold Ashanti plc announced an interim dividend for the three months ended 31 December 2025 of 173 USD cents per share. In respect of the interim dividend, the timelines, including dates for currency conversions, set out below will apply. Ex-dividend on NYSE: 13 March 2026. Record date: 13 March 2026. Payment date: 27 March 2026. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €79.34, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Metals and Mining industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €109 per share. Buy Or Sell Opportunity • Jan 22
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at €87.76. The fair value is estimated to be €111, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 90%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 26% per annum over the same time period. Recent Insider Transactions • Dec 08
Chief Technology Officer recently sold €1.4m worth of stock On the 3rd of December, Marcelo Godoy sold around 19k shares on-market at roughly €71.92 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.8m more than they bought in the last 12 months. Buy Or Sell Opportunity • Dec 03
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at €73.98. The fair value is estimated to be €61.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 90%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 86% in the next 2 years. Duyuru • Dec 02
Aura Minerals Inc. (TSX:ORA) completed the acquisition of Mineração Serra Grande S.A. from AngloGold Ashanti plc (NYSE:AU). Aura Minerals Inc. (TSX:ORA) agreed to acquire Mineração Serra Grande S.A. from AngloGold Ashanti plc (NYSE:AU) for $72.8 million on June 2, 2025. A cash consideration of $76 million will be paid by Aura Minerals Inc. As part of consideration, a deferred consideration payment equivalent to a 3% net smelter returns shall also be received by AngloGold Ashanti plc. The consideration is subject to certain working capital adjustments. The transaction is subject to subject to antitrust regulations, completion of an ongoing decommissioning of a legacy tailings dam storage facility, completion of the Mineração Serra Grande S.A. subsidiaries transfer and No Material Adverse Event occurring prior to closing. The expected completion of the transaction is Q3 2025, and no later than Q4 2025.
BofA Securities, Inc. acted as financial advisor for Aura Minerals Inc. Demarest Advogados acted as legal advisor for Aura Minerals Inc. Gowling WLG LLP acted as legal advisor for Aura Minerals Inc. Aisling Zarraga, Kye-Ren Cheong, Rhian Parker, Aileen Buchanan, James Marlow, Alicia Vidal and of Linklaters LLP acted as legal advisor to AngloGold Ashanti plc.
Aura Minerals Inc. (TSX:ORA) completed the acquisition of Mineração Serra Grande S.A. from AngloGold Ashanti plc (NYSE:AU) on December 1, 2025. Board Change • Nov 28
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Marcus Randolph was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. 
