Why did Vectorial Data pick AU?

AU at $83.96 is the way to own gold that actually PAYS you: direct exposure to the metal at all-time highs, while collecting a ~4.2% dividend and trading cheap relative to the mountain of cash it generates. Specific reasons: (1) Leverage to the gold price: when gold rises, a miner's profits rise MORE than proportionally, because its costs are fixed. With gold at ~$4,300/ounce and a cost (AISC) of ~$1,955, AngloGold earns ~$2,000+ on every ounce — historic margins. (2) Gold as the 2026 safe haven: geopolitical uncertainty, central banks buying gold, and doubts about the dollar have driven the metal to record highs. AU is a leveraged bet on that theme. (3) A ~4.19% dividend: unlike physical gold or a gold ETF (which pay $0), here you collect real income while you wait. (4) Cheap valuation: ~12x earnings and ~9x expected — the market still isn't paying the multiple its cash flow deserves. (5) Torrential cash flow: $1.2 billion of free cash flow in ONE quarter, funding dividends, buybacks and the Centamin acquisition without taking on debt. (6) Centamin/Sukari: adds low-cost ounces, improving the production profile. Analysts: Buy/Strong Buy, average target ~$120 (~+43%).

What are the risks of investing in AU?

Risks: (1) The gold price — the #1: the ENTIRE thesis depends on gold. If gold corrects (because real interest rates rise, the dollar strengthens, or risk aversion fades), AU's profits fall MORE than proportionally — the leverage works in both directions. (2) Geopolitical/jurisdictional risk: its mines are in Africa (Ghana, Tanzania, Egypt, etc.) and other regions prone to political instability, mining-tax changes, nationalizations or disputes with local governments. (3) Mining operational risk: accidents, strikes, equipment failures, depleted veins or falling ore grades can push costs (AISC) up and production down. (4) Cost inflation: diesel, energy, labor and chemicals push the AISC higher; if gold doesn't keep pace, the margin compresses. (5) Centamin integration: every acquisition carries execution risk; integrating Sukari (Egypt) could bring surprises. (6) No control over its selling price: a miner is a 'price taker' — it doesn't set the price of gold, it receives it — so its fate is tied to a market it doesn't control.

Does AU pay dividends?

Yes. AngloGold Ashanti plc pays a dividend of about 4.19% per year.

How can I buy AU with little money?

You can buy fractional shares of AU starting from a few dollars with any broker that offers fractional shares. The Vectorial Data method: invest the same amount in every pick, every time.

When was this AU analysis last updated?

The AU analysis was last updated on Invalid Date.

Stocks/AU

AU — AngloGold Ashanti plc

Q: What does AngloGold Ashanti plc do?

AngloGold Ashanti plc (NYSE: AU) is one of the largest gold-producing companies in the world. Its business is simple to understand: it operates mines that extract gold from the ground, processes it, and sells it at the market price. After re-domiciling in the United Kingdom in 2023, its home base and main headquarters is London, though its mines are in Africa (Ghana, Tanzania, etc.), Australia and the Americas. How it makes money: the equation is 'gold price minus the cost of getting it out.' Cost is measured with the AISC (all-in sustaining cost), the total cost of producing one ounce including maintenance. In Q1 2026 its AISC was ~$1,955/ounce — and with gold trading above $4,000/ounce, the margin on every ounce is gigantic. It produced 724 thousand ounces in the quarter. Key move: it bought Centamin, owner of the Sukari mine in Egypt, one of the region's largest and lowest-cost, boosting production and reserves. The difference vs. physical gold/an ETF: owning AU is gold exposure BUT with a ~4.19% dividend — the company distributes part of its cash flow to shareholders (it paid a 116¢ dividend in the period). Physical gold or a gold ETF pays you nothing; here you get paid to wait. Leadership: CEO Alberto Calderón. Q1 2026: profit $1.28 billion, free cash flow $1.2 billion.

Basic MaterialsEuropeUnited KingdomBlockchain certified

$83.96

Target: $119.86 (+42.8%)

P/E Ratio

12.3

P/E Forward

9.1

Dividend

4.19%

Market Cap

$42.2B

EPS

$6.8

Consensus

Buy

What they do

AngloGold Ashanti plc (NYSE: AU) is one of the largest gold-producing companies in the world. Its business is simple to understand: it operates mines that extract gold from the ground, processes it, and sells it at the market price. After re-domiciling in the United Kingdom in 2023, its home base and main headquarters is London, though its mines are in Africa (Ghana, Tanzania, etc.), Australia and the Americas.

How it makes money: the equation is 'gold price minus the cost of getting it out.' Cost is measured with the AISC (all-in sustaining cost), the total cost of producing one ounce including maintenance. In Q1 2026 its AISC was ~$1,955/ounce — and with gold trading above $4,000/ounce, the margin on every ounce is gigantic. It produced 724 thousand ounces in the quarter.

Key move: it bought Centamin, owner of the Sukari mine in Egypt, one of the region's largest and lowest-cost, boosting production and reserves.

The difference vs. physical gold/an ETF: owning AU is gold exposure BUT with a ~4.19% dividend — the company distributes part of its cash flow to shareholders (it paid a 116¢ dividend in the period). Physical gold or a gold ETF pays you nothing; here you get paid to wait.

Leadership: CEO Alberto Calderón. Q1 2026: profit $1.28 billion, free cash flow $1.2 billion.

Why we like it

AU at $83.96 is the way to own gold that actually PAYS you: direct exposure to the metal at all-time highs, while collecting a ~4.2% dividend and trading cheap relative to the mountain of cash it generates. Specific reasons:

Leverage to the gold price: when gold rises, a miner's profits rise MORE than proportionally, because its costs are fixed. With gold at ~$4,300/ounce and a cost (AISC) of ~$1,955, AngloGold earns ~$2,000+ on every ounce — historic margins.
Gold as the 2026 safe haven: geopolitical uncertainty, central banks buying gold, and doubts about the dollar have driven the metal to record highs. AU is a leveraged bet on that theme.
A ~4.19% dividend: unlike physical gold or a gold ETF (which pay $0), here you collect real income while you wait.
Cheap valuation: ~12x earnings and ~9x expected — the market still isn't paying the multiple its cash flow deserves.
Torrential cash flow: $1.2 billion of free cash flow in ONE quarter, funding dividends, buybacks and the Centamin acquisition without taking on debt.
Centamin/Sukari: adds low-cost ounces, improving the production profile. Analysts: Buy/Strong Buy, average target ~$120 (~+43%).

Key Risk

Risks:

The gold price — the #1: the ENTIRE thesis depends on gold. If gold corrects (because real interest rates rise, the dollar strengthens, or risk aversion fades), AU's profits fall MORE than proportionally — the leverage works in both directions.
Geopolitical/jurisdictional risk: its mines are in Africa (Ghana, Tanzania, Egypt, etc.) and other regions prone to political instability, mining-tax changes, nationalizations or disputes with local governments.
Mining operational risk: accidents, strikes, equipment failures, depleted veins or falling ore grades can push costs (AISC) up and production down.
Cost inflation: diesel, energy, labor and chemicals push the AISC higher; if gold doesn't keep pace, the margin compresses.
Centamin integration: every acquisition carries execution risk; integrating Sukari (Egypt) could bring surprises.
No control over its selling price: a miner is a 'price taker' — it doesn't set the price of gold, it receives it — so its fate is tied to a market it doesn't control.

This is educational and informational content, not financial advice. Always consult a qualified financial advisor before making investment decisions.

Vectorial Data picked AU on 2026-06-08 at $83.96.

Last updated: Invalid Date

Dividends received by the Vectorial portfolio

AU has not paid a dividend to the portfolio yet.

Full Research

AngloGold Ashanti (AU) — Research Completo

Precio: $83.96 | P/E TTM: ~12.3x | P/E fwd: ~9.08x | Div Yield: ~4.19% | Market Cap: ~$42.2B USD

¿Qué es AngloGold Ashanti?

Una de las mineras de oro más grandes del mundo. Saca oro de minas en África, Australia y América y lo vende. Domicilio en Londres, Reino Unido (re-domiciliada en 2023).

Cómo gana dinero

Ecuación: precio del oro − costo de sacarlo (AISC).
Q1 2026: AISC ~$1,955/onza | Oro a >$4,000/onza → margen enorme.
Producción Q1 2026: 724 mil onzas.

Movimiento clave

Compró Centamin (mina Sukari, Egipto): onzas de bajo costo, más reservas.

Q1 2026

Métrica	Q1 2026
Utilidad	$1.28 mil millones
Flujo de caja libre	$1.2 mil millones
Producción	724 mil onzas
AISC	$1,955/onza
Dividendo del periodo	116¢

Vs. oro físico / ETF de oro

Oro físico / ETF: pagan $0.
AU: paga ~4.19% de dividendo → te pagan por tener oro.

Liderazgo

CEO: Alberto Calderón.

Anchor Fact

El oro está en su precio más alto de la historia (~$4,300 la onza en 2026). A AngloGold le cuesta alrededor de $1,955 sacar cada onza de la tierra —así que se queda con más de $2,000 de ganancia por onza—. Y a diferencia de comprar una moneda de oro o un ETF de oro (que no te pagan nada), esta empresa te reparte ~4.2% al año en dividendos mientras el oro hace su trabajo. Es 'oro que te paga renta'.

Top 5 Risks

El precio del oro — toda la tesis depende de él (apalancamiento en ambos sentidos)
Riesgo geopolítico/jurisdiccional — minas en África y regiones inestables
Riesgo operativo de minería — accidentes, huelgas, caída de ley
Inflación de costos — diésel, energía, mano de obra suben el AISC
Integración de Centamin — riesgo de ejecución

Analyst Consensus

Rating: Buy / Strong Buy
Target promedio: ~$120 (~+43% desde $83.96)

Tesis en una línea

Oro en máximos históricos, pero comprado a través de una minera barata que te paga ~4.2% de dividendo mientras esperas —exposición apalancada al metal con renta incluida—.

Research fecha: 08 Jun 2026 | Próxima revisión: Dic 2026

Esto no es asesoría financiera.

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Researched: 6/8/2026Updated: 6/8/2026Next review: 12/8/2026

This is not financial advice. Consult a certified financial advisor.

The author may hold positions in the securities discussed.

Past performance does not guarantee future results.