AngloGold Ashanti vs Steel Dynamics
This page compares AngloGold Ashanti Ltd. and Steel Dynamics Inc., examining business models, financial performance, and market context to help readers understand how each company operates within its industry. The presentation is neutral, accessible, and focused on information, not promotion. Educational content, not financial advice.
This page compares AngloGold Ashanti Ltd. and Steel Dynamics Inc., examining business models, financial performance, and market context to help readers understand how each company operates within its ...
Why It's Moving
AngloGold Ashanti’s Q3 cash flow surge lifts shares on strong production and margins.
- Q3 gold production rose 17% year-on-year to 768,000 ounces, with Obuasi and Sukari mines leading the increase.
- Cash flow from operations jumped 141% year-on-year to $920 million, supported by strong margins of around $1,770 per ounce after all-in sustaining costs.
- The company reaffirmed its full-year 2025 production guidance of 2.9–3.225 million ounces, signaling confidence in continued operational performance.
Steel Dynamics Advances with Strong Q3 Earnings and Strategic Acquisition Bolstering Value-Added Manufacturing
- Third-quarter net sales reached $4.8 billion with net income soaring to $404 million, reflecting a significant sequential increase driven by record steel shipments and expanded metal spreads despite a slight dip in average selling prices.
- Operating income benefited from a 30% rise in steel operations and a 15% increase in fabrication shipments, with solid order backlogs extending into early 2026 supporting stable pricing and demand resilience.
- Completion of full ownership of New Process Steel positions Steel Dynamics to accelerate growth in value-added manufacturing and aluminum operations targeting high recycled content products for beverage cans and automotive sectors, aligning with sustainability trends.
AngloGold Ashanti’s Q3 cash flow surge lifts shares on strong production and margins.
- Q3 gold production rose 17% year-on-year to 768,000 ounces, with Obuasi and Sukari mines leading the increase.
- Cash flow from operations jumped 141% year-on-year to $920 million, supported by strong margins of around $1,770 per ounce after all-in sustaining costs.
- The company reaffirmed its full-year 2025 production guidance of 2.9–3.225 million ounces, signaling confidence in continued operational performance.
Steel Dynamics Advances with Strong Q3 Earnings and Strategic Acquisition Bolstering Value-Added Manufacturing
- Third-quarter net sales reached $4.8 billion with net income soaring to $404 million, reflecting a significant sequential increase driven by record steel shipments and expanded metal spreads despite a slight dip in average selling prices.
- Operating income benefited from a 30% rise in steel operations and a 15% increase in fabrication shipments, with solid order backlogs extending into early 2026 supporting stable pricing and demand resilience.
- Completion of full ownership of New Process Steel positions Steel Dynamics to accelerate growth in value-added manufacturing and aluminum operations targeting high recycled content products for beverage cans and automotive sectors, aligning with sustainability trends.
Which Baskets Do They Appear In?
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Explore BasketWhich Baskets Do They Appear In?
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Brazil's strengthening trade ties with the UK create potential opportunities for large British companies operating locally. This basket offers exposure to these dynamics through UK-listed multinational corporations with significant business interests in Brazil.
Published: October 13, 2025
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For Brazilians seeking income and diversification, this theme provides a way to tap into the country’s growth potential with potentially reduced local market risk. This basket is composed of US and EU-listed multinational companies that pay dividends and have significant operations in Brazil.
Published: October 13, 2025
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Explore BasketGold & Silver
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Explore BasketInvestment Analysis
Pros
- AngloGold Ashanti has demonstrated strong financial liquidity and increased gold production, supported by strategic expansions and new investment agreements.
- The company maintains a diversified global asset base, including flagship mines in Africa, Australia, and the Americas, reducing regional risk exposure.
- Recent analyst upgrades and higher price targets reflect positive sentiment and expectations for continued outperformance in the gold sector.
Considerations
- AngloGold Ashanti faces rising operating costs and higher all-in sustaining costs, which could pressure margins if gold prices stagnate.
- The stock's valuation metrics are above sector averages, including a higher price-to-earnings and price-to-book ratio, potentially limiting upside.
- Analyst consensus shows a significant downside to the current price based on the average 12-month target, indicating cautious near-term outlook.
Steel Dynamics
STLD
Pros
- Steel Dynamics maintains robust operational efficiency and a strong balance sheet, supporting resilience in volatile steel markets.
- The company benefits from vertical integration and a diversified product portfolio, enhancing its competitive position in the steel industry.
- Recent stock performance shows consistent trading within a tight range, reflecting stable investor confidence and lower volatility.
Considerations
- Steel Dynamics is exposed to cyclical demand fluctuations in construction and manufacturing, which can impact earnings during economic downturns.
- The company faces ongoing cost pressures from raw material price volatility and energy expenses, affecting profitability.
- Limited analyst coverage and fewer recent target revisions may reduce visibility on near-term growth catalysts compared to sector peers.
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