AngloGold Ashanti's Valuation Check: A Closer Look at Its P/E and Cash Flows

AngloGold Ashanti's share price has shown mixed short-term performance and stronger multi-year total returns. The stock's recent price moves have prompted investors to reassess its fundamentals. With a P/E of 22.7x, AngloGold Ashanti is cheaper than its peer group and the wider US metals and mining industry, suggesting the market is pricing its earnings at a discount. However, investors should consider risks such as gold price swings and operational setbacks.