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AU

AngloGold Ashanti plc

NYSE: AU · BASIC MATERIALS · GOLD

$90.47
-3.70% today

Updated 2026-04-29

Market cap
$53.78B
P/E ratio
20.56
P/S ratio
5.44x
EPS (TTM)
$5.18
Dividend yield
4.00%
52W range
$37 – $127
Volume
3.0M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

AngloGold Ashanti plc (AU) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$90.47
Consensus
$92.00
+1.69%
2030 Target
$415.00
+358.72%
DCF
—
—
6 analysts:
3 Buy0 Hold1 Sell

Management guidance

No specific CEO revenue guidance found in available disclosures. Company focused on operational execution: Sukari mine acquisition (late 2024) contributed 500K oz in 2025 (16% of output); Arthur Gold Project in Nevada targets 500K oz annually at $954/oz AISC with $3.6B capex; 2026 production expected to decline ~3% due to cost pressures despite gold price tailwinds.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$698.42
$17.6B Rev × 20x P/S
Base case (2030)
$415.00
$17.6B Rev × 12x P/S
Bear case (2030)
$283.42
$17.6B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2030 (E)
Revenue$4.6B$5.8B$9.9B$13.4B$13.8B$14.9B$17.6B
Revenue growth—26.4%70.8%35.4%3.4%7.9%8.9%
EPS$0.61$2.38$5.35$10.60$11.20$12.10$14.85
P/S ratio———12.0x12.0x12.0x12.0x
Implied price———$313.78$334.03$354.27$415.00

Catalysts & risks

Growth catalysts
+ Arthur Gold Project board approval (June 2026) and feasibility study advancement; 500K oz/year production ramp expected 2028+
+ Sukari mine full-year contribution (acquired late 2024); ramping production and cost optimization across 16% of production base
+ Gold price environment: sustained high prices ($2000+/oz) driving revenue and margin expansion; offsetting modest production declines
+ Free cash flow generation ($2.9B in FY25, +204% YoY) enabling debt reduction and shareholder returns
Key risks
- Gold price volatility: 2026-2030 estimates assume $1800-2000/oz; significant downside if prices fall below $1500/oz
- Production headwinds: 3% decline expected 2026; Sukari and Arthur ramp could be delayed by permitting or operational issues
- Arthur Project execution risk: $3.6B capex, 9-year mine life; board approval still pending (June 2026); feasibility study delays could push production 1-2 years
- Geopolitical/operational: Geita (Ghana), Sukari (Egypt) face regulatory/political risks; permitting timelines uncertain

Methodology

AngloGold Ashanti plc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 6 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.