AngloGold Ashanti (AU) Stock May Trade At A 14% Discount On Cash Flow

AngloGold Ashanti has delivered a very strong multi year share price run, and the question now is whether that kind of move is still backed by the cash the business can generate. For anyone looking at the stock today, the issue is less about past gains and more about whether current cash flows can justify paying around US$103 per share. Over the past 5 years the share price has risen by about 7x, which puts a lot of weight on the cash flow story behind AngloGold Ashanti. The business depends...