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Stock Comparison · Clear separation

AngloGold Ashanti vs Fresnillo: Which Stock Looks Stronger in 2026?

AngloGold Ashanti holds the cleaner structural position, with growth as the main driver and valuation adding further support. The market setup is broadly comparable for both — no clear directional signal from price behavior. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The clearest separation starts in growth, with valuation adding a second layer of support. The overall score gap is 14 points in favour of AngloGold Ashanti plc.

Trajectory Similarity
0.69
Moderately similar
Peer-set rank: #3
within AngloGold Ashanti plc's functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

The pair shares a valid long-term profile match, but the trajectories are not especially close.

Most of the shared profile comes through investment intensity and margin consistency.

Similarity drivers
investment intensitymargin consistency
What reduces the match
recent revenue growth
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
AU
AngloGold Ashanti plc
86
Peer-Score
Signal qualityMedium
vs
FRES.L
Fresnillo plc
72
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: AU vs FRES.L Profitability 96 100 Stability 61 61 Valuation 84 61 Growth 100 57 AU FRES.L
Gap Ranking
#1 Growth +43
#2 Valuation +23
#3 Profitability +4
#4 Stability
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for AU and FRES.L Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer AUFRES.L Relative valuation Structural strength

AngloGold Ashanti plc still looks stronger, and the price setup does not materially undermine that lead.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Growth
Both profiles are strong on growth, but AngloGold Ashanti plc leads clearly.
Valuation
On valuation, the edge is clear — both rank well, but AngloGold Ashanti plc sits noticeably higher.
Growth — Dominant Gap
AU
100
FRES.L
57
Gap+43in favour of AU

Growth adds another layer to the lead, with a very wide gap in revenue growth between the two companies.

What else supports the lead

A forward P/E that is 3.5 turns lower adds a second meaningful layer to the lead.

What this means for the comparison

Growth is the clearest driver, and valuation also supports AngloGold Ashanti plc's broader structural position.

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Break down the AU vs FRES.L comparison across all dimensions with the full interactive tool.

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Similar growth-and-valuation comparisons

Explore how AU and FRES.L each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.