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 Ľ 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): 173
Equiv. Shares (M): 89

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 1.970 $ 1.960 $ 1.970 $ 1.960 $ 1.940 479 $ 0.030  1.546 %

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) $175 M -0.3698 -- -- 4.2851 -- -- 2.91 -- --
Newcrest Mining (NCM) $7,956 M -0.0429 -0.2244 0.3427 18.4173 23.7474 17.6861 0.00 0.00 1.90
Northern Star Resources (NST) $696 M 0.2151 2.1072 0.1689 14.6509 4.7151 4.0336 2.98 3.15 3.74
OZ Minerals (OZL) $956 M -- -- 0.2932 -- 68.9278 53.2995 6.35 6.35 4.36
Regis Resources (RRL) $782 M -- -- 0.8344 -- 12.0015 6.5426 0.00 NaN 7.06

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
AGG -- 4.24 0.71 -- 0.77
Market 0.87 14.8 1.15 1.98 1.48
Sector 0.60 10.93 0.66 1.19 2.46

Directors
Name Position Start Date
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
02 November 2015 Report (Quarterly)
10 August 2015 Report (Quarterly)
18 May 2015 Report (Quarterly)
18 February 2015 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 Investment Fees

An educational booklet to help you find out everything you must know about investment fees.

More details...

News

Fed Feeds Frenzy

By Michael McCarthy (chief market strategist, CMC Markets) 18/12/2014 | In spite of a frenzied pre-mortem, a benign statement from the US Federal Reserve‚Äôs Open Market Committee and steadying commodity markets drove investors back into share markets overnight. A calmer, stronger ruble helped offset European growth fears, highlighted in the overnight session by further declines in inflation.

Household brands Woolworths and Telstra Heavy Lifting

By Betty Lam (Sales Trader, CMC Markets) 11/12/2014 | Offshore jitters sent ripples through to Australian stocks. The open saw the local equities take 65 points off the index, catalysed by a mass-exit in energy stocks, yet again.

Steady open as Woodside investors wait on details of possible Wheatstone acquisition

By Ric Spooner (Chief Market Analyst, CMC Markets) 10/12/2014 | Yesterday‚Äôs news on Greek politics and China‚Äôs bond market came at a time when US and European stock markets have extended rallies and pushed valuations higher. This makes those markets vulnerable to downward corrections as profit takers act to avoid missing out.

MYEFO and Lima - December could be nasty.

BR Securities Australia Pty Ltd 2/12/2014 | December 2014 could go down as a nasty moment in Australian finance. MYEFO will reveal a deteriorating budget deficit and the UNFCCC meeting in Lima, Peru will provide the agreement, to be ratified in Paris in 2015, on how much (or little) CO2 is to be allowed into the atmosphere from 2020.

Australian Share Market - Close Up

CMC Markets 11/11/2014 | The Australian share market is in a decision zone - and trading from here may set the direction for the rest of the year.

Prices slashed - everything must go!

Nick Swales, Regional Director, Newcastle Office, Rathbones 27/10/2014 | ‚ÄúIf you want to have a better performance than the crowd, you must do things differently from the crowd.‚ÄĚ Sir John Templeton.

More...


Sponsored Links