AngloGold Ashanti's Stock Valuation: Undervalued with Room for Growth

AngloGold Ashanti (NYSE:AU) has seen a 24% surge over the past month and a 323% total shareholder return over the past 3 years. The stock is trading close to analyst targets and boasting rapid earnings growth. While the narrative suggests the stock is modestly undervalued with a fair value of $90.57, our DCF model paints a cooler picture with a fair value of $68.94, implying the shares may be priced ahead of fundamentals.