Anglogold AshantiFRA:HT3 -2.89%84 Gross Margin % is 60.04% as of Mar. 2026, which is 137% above its 10-year median of 25.37. GuruFocus rates FRA:HT3 with a GF Score™ of 84/100 and a GF Value™ of €48.77 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 730 Metals & Mining companies, Anglogold Ashanti ranks better than 77.81% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Anglogold Ashanti had a gross margin of 60.04% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Anglogold Ashanti Gross Margin % Related Terms
Anglogold Ashanti Gross Margin % Historical Data
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The historical data trend for Anglogold Ashanti's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:HT3 vs CDE, RGLD, AUGO: Gross Margin % Comparison
For the Gold subindustry, Anglogold Ashanti's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Anglogold Ashanti Gross Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Anglogold Ashanti's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Anglogold Ashanti's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Anglogold Ashanti (FRA:HT3) has a Gross Margin % of 60.04% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Anglogold Ashanti and its competitors. This is 137% above median its historical median of 25.37. Over the past decade, Anglogold Ashanti's Gross Margin % has ranged from 19.91 to 53.51. According to the industry distribution chart, Anglogold Ashanti ranks #162 out of 730 companies in the Metals & Mining industry, placing it in the top 22.2%.
Is Anglogold Ashanti's Gross Margin % too high?
Anglogold Ashanti's current Gross Margin % of 60.04% is 137% above median its 10-year median of 25.37. Over the past 10 years, this metric has ranged from a low of 19.91 to a high of 53.51. The Metals & Mining industry median Gross Margin % is 26.05. Anglogold Ashanti's value of 60.04% is 130.5% above this industry median. Based on the distribution chart, Anglogold Ashanti ranks #162 out of 730 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Anglogold Ashanti has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anglogold Ashanti's Gross Margin % compare to CDE and RGLD?
According to the Metals & Mining industry distribution chart, Anglogold Ashanti ranks #162 out of 730 companies for Gross Margin %. This places Anglogold Ashanti in the top 22% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.05. Anglogold Ashanti's value of 60.04% is 130.5% above this benchmark. Historically, Anglogold Ashanti's own Gross Margin % has ranged from 19.91 to 53.51 over the past decade. While the company's 10-year median is 25.37 vs. the industry median of 26.05, Anglogold Ashanti has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Metals & Mining company?
The median Gross Margin % among Metals & Mining companies is 26.05, based on 730 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Anglogold Ashanti's current Gross Margin % of 60.04% is 130.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Anglogold Ashanti and its competitors. For the Metals & Mining industry, the median Gross Margin % is 26.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anglogold Ashanti's current Gross Margin % is 60.04%, which is 137% above median its own 10-year median of 25.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anglogold Ashanti stock overvalued right now?
Based on GuruFocus' analysis, Anglogold Ashanti (FRA:HT3) is currently considered Significantly Overvalued. The stock's GF Value™ is €48.77, compared to a current price of €70.00 — trading 43.5% above its estimated fair value. The current Gross Margin % is 60.04%, which is 137% above median its 10-year median of 25.37 and 130.5% above the Metals & Mining industry median of 26.05. Anglogold Ashanti's overall GF Score™ is 84/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Anglogold Ashanti (FRA:HT3), the current Gross Margin % is 60.04% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Anglogold Ashanti (FRA:HT3) Overvalued in 2026?
Based on GuruFocus' analysis, Anglogold Ashanti stock appears to be overvalued.
The current stock price of €70.00 is trading 43.5% above its estimated GF Value™ of €48.77.
GuruFocus considers Anglogold Ashanti to be Significantly Overvalued.
Key valuation signals for FRA:HT3:
Gross Margin %: 60.04% (137% above median its 10-year median of 25.37)
GF Value™: €48.77 vs. price of €70.00 (43.5% above fair value)
Industry Position: 130.5% above the Metals & Mining median (#162 of 730)
No single metric tells the full story. See the FRA:HT3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anglogold Ashanti PLC is an independent gold mining company. It has a diversified asset portfolio, including production from operations in eight countries (Argentina, Australia, Brazil, Egypt, Ghana, Guinea, the DRC, and Tanzania), supported by greenfield projects in the United States and Colombia. The company's main product is gold, which once mined, is processed into dore (unrefined gold bars) on site and then dispatched to precious metals refineries. Geographically, Anglogold generates maximum revenue from its operations in Africa (comprising operations at Kibali, Iduapriem, Obuasi, Siguiri, Geita, and Sukari mines), followed by Australia (including Sunrise Dam and Tropicana), and the Americas (comprising Cerro Vanguardia, AngloGold Ashanti Mineracao, and Serra Grande operations).
84GF Score
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