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AngloGold Ashanti Shares (JSE: ANG)

JSE Basic Materials Gold

R1,504.28 +R25.43 (+1.72%)
At close: 15 Oct 2026

ANG Stock Chart

Key Statistics

Market Cap
R768.66bn
P/E Ratio (TTM)
12.34
EPS (TTM)
R123.17
Dividend Yield
4.97%
52-Week Range
R1,043.26 – R2,146.73
Day Range
R1,474.73 – R1,531.47
Volume
1,028,099
Avg. Volume (50 Days)
1,139,325
Beta
0.74
50-Day Average
R1,645.74
200-Day Average
R1,581.26
Shares Outstanding
505.77m

About AngloGold Ashanti

AngloGold Ashanti is a gold miner with mines and exploration in Africa, Australia and the Americas. Gold is its main product, and its exploration also covers silver and sulphuric acid, which come as secondary outputs. Its flagship asset is the Geita mine in northwestern Tanzania, which the group owns outright. The mine sits in the Geita region, near Lake Victoria.

The brief gives no breakdown of divisions or reporting segments, so the business is best understood by its three mining regions: Africa, Australia and the Americas. The company dates from 1944, when it was incorporated as a gold mining business.

Sector
Basic Materials
Industry
Gold
Listed
JSE: ANG
Headquarters
Greenwood Village, CO
Country
South Africa
Employees
38,000
Year End
December
ISIN
ZAE000043485

Earnings

Next Earnings
5 Nov 2026
Last Results
31 Jul 2026
Missed estimates
EPS Est. (Next)
$1.85
EPS Est. (FY 2026)
$142.93
7 analysts
Last EPS
$32.70
EPS – Reported vs Estimated
Jun 25
Sep 25
Dec 25
Mar 26
Jun 26

Estimated EPS Reported EPS

Quarter Ended Estimate Reported EPS Surprise Reported
Jun 2026 $35.05 $32.70 −6.70% 31 Jul 2026
Mar 2026 $40.05 $41.21 +2.90% 7 May 2026
Dec 2025 $30.35 $30.75 +1.32% 19 Feb 2026
Sep 2025 $1.32 $2,310.87 +174,965.92% 11 Nov 2025
Jun 2025 $1.29 $2,429.66 +188,245.93% 1 Aug 2025
Mar 2025 $18.81 $15.99 −14.99% 9 May 2025
Dec 2024 $18.85 $16.53 −12.31% 19 Feb 2025
Sep 2024 — $954.91 — 5 Nov 2024

Our Analysis

Anglogold Ashanti Ltd is an independent, global gold mining company listed on the Johannesburg Stock Exchange (JSE) with a diverse, high-quality portfolio of operations and projects.

The graph below shows the latest Anglogold Ashanti Ltd share price on the Johannesburg Stock Exchange. Investors have seen Anglogold Ashanti Ltd shares perform well in recent times as the demand for gold, and related gold stocks has soared. Anglogold Ashanti Ltd stock is live on the JSE under the stock symbol of ANG and is available to trade via various brokers in South Africa.

Who Are Anglogold Ashanti?

The history of Anglogold Ashanti Ltd can be traced back to 26 April 2004 when it was formed by the merger of AngloGold and the Ashanti Goldfields Corporation. Today AngloGold Ashanti Limited is a global gold producer with 21 operations on four continents.

While gold is the company’s principal product, it also produces silver (in Argentina) and sulphuric acid (in Brazil) as by-products. In Colombia, feasibility studies are underway at two of its projects, one of which will produce both gold and copper.

Anglogold Ashanti Ltd has a diversified portfolio of products and services in more sectors of the mining value chain and renders a variety of services including: Exploration, mining, processing and refining, sale of products, financial management, rehabilitation and mine closure.

Recent Developments

One of the most significant recent developments for AngloGold Ashanti was the completion of its acquisition of Centamin PLC in November 2024, a deal valued at £1.9 billion ($2.5 billion). This acquisition brought the Sukari gold mine in Egypt into AngloGold Ashanti’s portfolio, adding a valuable asset with a proven track record of production. The Sukari mine, having produced over 5.9 million ounces of gold since 2009, not only expands AngloGold Ashanti’s production capacity but also diversifies its geographical footprint, reducing its reliance on any single region.

Analysts’ opinions on AngloGold Ashanti have been mixed but trending positive. JPMorgan Chase & Co. initially lowered its price target in December 2024, but then significantly raised it in April 2025, signaling a shift in sentiment. These upgrades often reflect a combination of factors, including improved earnings prospects, successful execution of strategic initiatives, and favorable macroeconomic conditions.

The dividend increase announced in March 2025, which saw the semi-annual dividend jump from $0.22 to $0.69 per share (resulting in a 2.8% dividend yield), is a testament to the company’s financial strength and its commitment to rewarding shareholders.

Amplats Stock Chart – 5 Year

Over the past five years, AngloGold Ashanti has experienced significant financial fluctuations, with an impressive gain of 115%. The 1 year gain of 85% demonstrates the momentum that has been building in recent months.

Company Essentials

Anglogold Ashanti Ltd has its headquarters at 76 Rahima Moosa Street, Newtown, Johannesburg, 2001.

Anglogold Ashanti Ltd has more than 62,100 employees and currently serves clients in several countries around the world.

The current CEO of Anglogold Ashanti Ltd is Alberto Calderon.

Bull & Bear Cases

  • Strategic Acquisition: The Centamin PLC acquisition provides increased production and geographical diversification.
  • Positive Analyst Ratings: Upgrades and price target increases suggest growing confidence in the company’s future.
  • Increased Dividends: Demonstrates financial strength and commitment to shareholder value.
  • Growing Institutional Interest: Indicates confidence in the company’s long-term prospects.
  • Strong Gold Prices: A sustained high price of gold will directly benefit AngloGold Ashanti’s profitability.
  • Volatile Stock Price: Susceptible to market fluctuations and geopolitical events.
  • Operational Risks: Mining operations are inherently risky, with potential for disruptions and cost overruns.
  • Geopolitical Risks: Operating in multiple countries exposes the company to political instability and regulatory changes.
  • Currency Fluctuations: Fluctuations in currency exchange rates can impact profitability.
  • Lower Gold Prices: A significant drop in gold prices would negatively impact revenues and earnings.

How to buy AngloGold Ashanti Shares – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participating daily. To buy, sell or trade AngloGold Ashanti stocks on the Johannesburg Stock Exchange (JSE), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “ANG”.
  2. Select a broker that offers access to the Johannesburg Stock Exchange (JSE).
  3. Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.
Analyst Team
Analyst Team
Team Member

The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.

Financials

Revenue (TTM)
$11.83bn
Net Margin
32.20%
Operating Margin
51.19%
Return on Equity
44.73%
Return on Assets
24.86%
Forward P/E
14.68
PEG Ratio
0.84
Price to Sales
65.00
Price to Book
5.64
Book Value per Share
R289.42
Debt to Equity
0.30
Current Ratio
2.87
Revenue (Annual)
Dec 22
Dec 23
Dec 24
Dec 25
USD (billions) Dec 2025 Dec 2024 Dec 2023 Dec 2022
Revenue 9.89 5.79 4.58 4.50
Net Income 2.64 1.00 −0.24 0.23
Net Margin 26.6% 17.3% −5.1% 5.2%
Operating Cash Flow 4.71 1.97 0.97 1.80
Debt to Equity 0.30 0.32 0.65 0.54

Dividends

Annual Dividend
R75.37
Payout Ratio
2.52%
Dividend Yield
4.97%
Last Ex-Dividend Date
19 Aug 2026
Last Split
27 Dec 2002
2:1
Ex-Dividend Date Payment Date Amount Type
21 Aug 2026 — R2.0038 —
19 Aug 2026 — R11.6236 —
27 May 2026 — R18.992 —
11 Mar 2026 — R28.2514 —
26 Nov 2025 — R15.637 —
20 Aug 2025 — R14.0141 —
28 May 2025 — R2.242 —
12 Mar 2025 — R12.6279 —

Latest News & Analysis

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Figures as of 15 Oct 2026.

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