

Vulcan Materials vs AngloGold Ashanti
This page compares Vulcan Materials and AngloGold Ashanti, examining their business models, financial performance, and market context in a neutral, accessible way. It explains how each company creates value, the industries they serve, and the factors shaping their competitive environments. Educational content, not financial advice.
This page compares Vulcan Materials and AngloGold Ashanti, examining their business models, financial performance, and market context in a neutral, accessible way. It explains how each company creates...
Why It's Moving

Vulcan Materials Executive Sells Shares Amid Recent Stock Strength.
- SVP Franklin Denson exercised 3,200 stock appreciation rights on December 9 at $185.31, acquiring shares before selling 665 in the open market.
- Additional 2,535 shares were withheld for taxes on December 10 at $295.78, part of routine post-exercise adjustments.
- Insiders have net sold over the past 90 days, yet shares climbed 0.8% on December 11 amid broader market steadiness.

AngloGold Ashanti powers ahead with strong Q3 output and reaffirmed 2025 guidance amid gold surge.
- Sukari mine, acquired via Centamin in late 2024, delivered 129,000-135,000 ounces in Q2-Q3 2025, rapidly boosting overall production 20% YTD to 2.292 million ounces and on track for 500,000 annual ounces.[1][2]
- Q3 cash generation hit record highs, supporting portfolio reinvestments like Geita mine expansions to lift reserves 60% and extend mine life to 10 years with potential 600,000 oz/year output.[3]
- Trading at a discounted 12.79X forward P/E versus industry peers, with analysts projecting 67% sales growth and 149% EPS surge for 2025 on record gold prices.[1][2]

Vulcan Materials Executive Sells Shares Amid Recent Stock Strength.
- SVP Franklin Denson exercised 3,200 stock appreciation rights on December 9 at $185.31, acquiring shares before selling 665 in the open market.
- Additional 2,535 shares were withheld for taxes on December 10 at $295.78, part of routine post-exercise adjustments.
- Insiders have net sold over the past 90 days, yet shares climbed 0.8% on December 11 amid broader market steadiness.

AngloGold Ashanti powers ahead with strong Q3 output and reaffirmed 2025 guidance amid gold surge.
- Sukari mine, acquired via Centamin in late 2024, delivered 129,000-135,000 ounces in Q2-Q3 2025, rapidly boosting overall production 20% YTD to 2.292 million ounces and on track for 500,000 annual ounces.[1][2]
- Q3 cash generation hit record highs, supporting portfolio reinvestments like Geita mine expansions to lift reserves 60% and extend mine life to 10 years with potential 600,000 oz/year output.[3]
- Trading at a discounted 12.79X forward P/E versus industry peers, with analysts projecting 67% sales growth and 149% EPS surge for 2025 on record gold prices.[1][2]
Which Baskets Do They Appear In?
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Explore BasketBuilding Materials M&A Wave: 18 Stocks to Watch 2025
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Published: August 21, 2025
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Explore BasketWhich Baskets Do They Appear In?
Onshoring Stocks: Could New Tariffs Boost Manufacturing?
The Trump administration has imposed new tariffs on pharmaceuticals, trucks, and furniture to spur domestic production. This creates an investment opportunity in U.S.-based construction, engineering, and industrial companies poised to benefit from the push to build new manufacturing plants.
Published: September 29, 2025
Explore BasketBuilding Materials M&A Wave: 18 Stocks to Watch 2025
Lowe's is acquiring Foundation Building Materials for $8.8 billion, a strategic move to dominate the professional contractor market. This acquisition highlights a broader industry consolidation, creating investment opportunities among other specialized building material suppliers and distributors.
Published: August 21, 2025
Explore BasketTexas Flood Recovery & Resilience
This carefully selected group of stocks represents companies that are positioned to lead the rebuilding efforts in Texas following catastrophic flooding. Our professional analysts have identified these opportunities in engineering, construction, and advanced flood-resilience solutions as the region invests heavily in recovery and future protection.
Published: July 14, 2025
Explore BasketPro Contractor Supply Consolidation
This curated selection of stocks represents companies positioned to benefit from the consolidation wave in the professional contractor supply industry. Our analysts have carefully selected these distributors and manufacturers following Home Depot's strategic $4.3 billion acquisition of GMS.
Published: July 1, 2025
Explore BasketHome Depot's Pro Market Expansion
A collection of building material suppliers, distributors, and construction tech companies positioned to benefit from Home Depot's acquisition of GMS. These carefully selected stocks represent companies that could see increased activity or become potential consolidation targets in this evolving sector.
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Published: June 17, 2025
Explore BasketPublic Infrastructure Builders
These foundational companies build and maintain the essential infrastructure that powers our economies. Their appeal comes from securing long-term government contracts that provide reliable growth and shield them from typical market volatility.
Published: June 17, 2025
Explore BasketInvestment Analysis
Pros
- Vulcan Materials is the largest US producer of construction aggregates, ensuring a strong competitive market position.
- The company reported strong Q3 2025 earnings with a 27% year-over-year increase in adjusted EBITDA and margin expansion, highlighting financial strength.
- Vulcan maintains a stable dividend history, paying dividends for 55 consecutive years, reflecting financial resilience and shareholder value commitment.
Considerations
- The company carries substantial debt of approximately $5.45 billion, which could affect financial flexibility under adverse conditions.
- Despite strong earnings, Vulcan experienced a decrease in stock value during pre-market trading, signalling potential market volatility or investor concerns.
- The stock trades at a relatively high price-to-earnings ratio above 34, which may indicate limited valuation upside compared to historical averages.
Pros
- AngloGold Ashanti is a globally diversified gold producer with significant operations across stable mining jurisdictions.
- The company benefits from the inflation-hedging characteristics of gold, which supports revenue during price volatility of commodities.
- Recent strategic initiatives have focused on improving operational efficiency and cost management, enhancing profitability potential.
Considerations
- AngloGold Ashanti’s profitability is highly sensitive to gold price fluctuations, creating earnings volatility aligned with commodity cycles.
- The company faces geopolitical and regulatory risks in certain African countries where it operates, potentially impacting operations.
- Capital-intensive mining projects and exploration efforts carry execution risks and require significant ongoing investment.
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