AU
AngloGold Ashanti plc
NYSE: AU · BASIC MATERIALS · GOLD
$107.03
-8.73% today
Updated 2026-06-05
Market cap
$42.69B
P/E ratio
12.40
P/S ratio
3.82x
EPS (TTM)
$6.81
Dividend yield
5.45%
52W range
$41 – $125
Volume
2.4M
AngloGold Ashanti plc (AU) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed AU price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$107.03
Today
Analyst consensus
$92.00
-14.04% · 12M
2030 Base
—
— future
NPV today
—
@ — WACC
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
AU · AngloGold Ashanti plc · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
—
NPV today: —
Base case (2030)
—
NPV today: —
Bull case (2030)
—
NPV today: —
WallStSmart.com
AU financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|
| Revenue | $9.9B | $13.4B | $13.8B | $14.9B | $17.6B |
| Revenue growth | 70.8% | 35.4% | 3.4% | 7.9% | 8.9% |
| Net margin | — | — | — | — | — |
| EPS | $5.35 | $10.60 | $11.20 | $12.10 | $14.85 |
| Diluted shares | — | — | — | — | — |
| Net debt | — | — | — | — | — |
| P/S multiple | — | 2.0x | 2.0x | 2.0x | 2.0x |
| Implied price (base) | — | $313.78 | $334.03 | $354.27 | $415.00 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $17.6B | $17.6B | $17.6B |
| P/S multiple | 1.0x | 2.0x | 4.0x |
| Diluted shares | 0M | 0M | 0M |
| Net debt | — | — | — |
| Implied P/E † | — | — | — |
| 2030 Price | $— | $— | $— |
| NPV @ — | $— | $— | $— |
† Implied P/E: Multiples remain elevated across all three scenarios because AU is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $— base case
AU catalysts and 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 2030 stock forecast model
AngloGold Ashanti plc 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 6 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (-100% cumulative for AU by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory (— by 2030) |
| 3. Time value | NPV calculated using — WACC (sector fallback) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 2.0x / bull 4.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.
AU price target FAQ
How is the AngloGold Ashanti plc 2030 stock forecast calculated?
The AU 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
What is the analyst consensus on AU stock?
6 analysts cover AU with an average 12-month price target of $92.00. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.