AngloGold Ashanti Limited (AGG)



Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

Sign Up Today » it's FREE! Already a member? Login now!


General Information
Company Name: AngloGold Ashanti Limited
Stock Code: AGG
Website: www.anglogoldashanti.com
GICS Sub-Industry: Gold
Market Cap ($M): 196
Equiv. Shares (M): 89

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 2.200 $ 2.200 $ 2.200 $ 2.200 $ 2.250 350 $ -0.050  -2.222 %

Company Overview

Business Description:
AngloGold Ashanti Limited (AGG) is a gold exploration, mining and marketing companies. AGG holds a portfolio of operations and projects on four continents. The geographic operation segments include South Africa, Continental Africa, Americas, and Australasia.

Strategy Analysis:
The focus of AGG is to continuously build upon its resource base supported by its greenfields pipeline. The company also aims to grow assets that have clearly defined capital and operating costs and significant resources and reserves. If assets do not meet these criteria they are fixed or sold. The last few years have seen AGG reduce costs, boost production and eliminate their hedge book as they seek to benefit from the high gold price. Two areas of concern are the number of miner fatalities, which highlights the need for OH&S improvements, and South African power reliability (increased costs), which is critical to the operations of AGG. AngloGold Ashanti provided its September 2011 quarterly activities report, reporting record adjusted headline earnings (AHE) of $457m, or 118 US cents a share, up 51% year-on-year; net profit attributable to equity shareholders of $456m; quarterly cash inflow from operations more than doubled to $863m year-on-year; quarterly free cash flow of $300m after capex, finance costs, tax and translation impacts; net debt declined by 28% to $620m; AHE and cash inflow from operations for 9 months ended 30 September 2011 above $1bn and $2bn respectively; and total cash costs of $737/oz, well within guidance - production marginally up on previous quarter at 1.092Moz.


Financial Summary
Year to Dec NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A 1,204.7 45.7 -37.0 15.1 5.7 0.8 --
2011  A 1,573.5 72.6 NaN 12.0 10.2 1.2 --
2010  A 126.9 4.0 -- 231.0 3.9 0.4 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Anglogold (AGG) $201 M -0.3698 -- -- 4.9191 -- -- 2.53 -- --
Newcrest Mining (NCM) $7,772 M -0.0429 -0.2152 0.5162 17.9915 22.9256 15.1208 0.00 0.00 1.78
Northern Star Resources (NST) $794 M 0.2151 2.4252 0.1518 16.7082 4.8780 4.2351 2.61 4.81 5.73
OZ Minerals (OZL) $1,232 M -- -- -0.0891 -- 82.1862 90.2222 4.93 4.93 3.69
Regis Resources (RRL) $760 M -- -- 0.9505 -- 12.1406 6.2244 0.00 NaN 5.55

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
AGG -- 4.81 0.80 -- 0.87
Market 0.91 15.3 1.22 1.74 1.54
Sector 0.70 11.6 0.81 0.99 2.94

Directors
Name Position Start Date
Mr Tony O'Neill -- 20 February 2013
Ms Christine Ramon Chief Executive Officer,Executive Director 01 October 2014
Mr Srinivasan Venkatakrishnan Executive Director,Chief Financial Officer,Chief Executive Officer 01 August 2005
Mr Rhidwaan Gasant Non-Executive Director 12 August 2010
Mr Rodney John Ruston Non-Executive Director 02 January 2012
Professor Wiseman Nkuhlu Non-Executive Director 01 June 2009
Ms Nozipho Patricia January-Bardill Non-Executive Director 01 October 2011
Mr Sipho Mila Pityana Non-Executive Director,Non-Executive Chairman 13 February 2007

Management
Name Position
Maria Esperanza Sanz Perez Company Secretary

Substantial Shareholders
Holding Name
28,607,495 (7.46%) Paulson & Co.Inc
20,050,361 (5.23%) Public Investment Corporation
20,108,121 (5.25%) Investec Asset Management (PTY) Limited
153,711,993 (40.10%) Bank of New York Mellon Corporation
20,510,646 (5.35%) Allan Gray Unit Trust Management Limited

Calendar of Events
Date Event
10 August 2015 Report (Quarterly)
18 May 2015 Report (Quarterly)
18 February 2015 Report (Quarterly)
05 November 2014 Report (Quarterly)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

Advertisement

Trade Shares Online from $19.95^
Free Guides

The SMH Guide to Leveraged Trading using CFDs

An educational booklet that outlines the different types of Contracts for Difference (CFDs) available in Australia.

More details...

News

Aussie share market bulls now have company

Ric Spooner (Chief Market Analyst, CMC Markets) 20/10/2014 | Today, Australian investors will not have to go it alone buying stocks as they did for much of last week. Bargain hunters this morning will be supported by the morale boosting encouragement of a 3% turnaround in the German Dax and a 264 point rally in the Dow Jones.

The Importance of Ignoring the Noise of the Market

Carl Richards, director of investor education at the BAM Alliance 17/10/2014 | “As odd as it may sound, the sooner you start treating your investments like you treat life, the happier you’ll be with the outcome.”

You only dance twice

William H. Gross, Janus Capital Group 16/10/2014 | “Financial markets are artificially priced. In the bond market, there is nothing normal about a three year German Bund yielding “minus” 10 basis points.”

The Big Picture - Australia 200 Index

CMC Markets 8/10/2014 | Share market indices around the globe are breaking down. While analysts cast around for reasons, it’s clear that a time factor is in play. Simply put, many investors “feel” a correction is overdue. How low could it go?

Billionaires bankroll Ten's new direction Media Network sees digital future

The Age 19/12/2013 | Ten Network's programming ambitions will be funded by a $200 million loan guaranteed by three of its billionaire owners, as the free-to-air broadcaster declared digital was the future and pointed to early signs that its switch to an older market demographic was working.

Elders alleges $24m fraud in live cattle division

The Age 19/12/2013 | Troubled rural services group Elders is threatening to call in the police over an alleged $24 million fraud by a "handful of individuals" in its live cattle exports division.

More...


Sponsored Links