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

The structural profiles are close, with Fresnillo carrying a narrow edge on growth. The remaining gap is narrow enough that the comparison remains open to different readings. In the market, AngloGold Ashanti carries the stronger setup — intact trend against Fresnillo's broken trend. That leaves a split case: the structural lead stays with Fresnillo, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (AU: Russell 1000, FRES.L: STOXX 600).

Updated 2026-08-16

Most of the separation is still concentrated in growth.

Trajectory Similarity
0.68
Moderately similar
Peer-set rank: #4
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.

The strongest overlap appears in capital structure and revenue growth trajectory.

Similarity drivers
capital structurerevenue growth trajectory
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
82
Peer-Score
Signal qualitylow
Peer basis: Russell 1000
vs
FRES.L
Fresnillo plc
85
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

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

The clearest separation appears in growth.

Dimension spread: AU vs FRES.L Profitability 96 100 Stability 58 56 Valuation 88 85 Growth 78 89 AU FRES.L
Gap Ranking
#1 Growth +11
#2 Profitability +4
#3 Valuation +3
#4 Stability +2
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

The structural gap is limited here, but current pricing still leans against Fresnillo plc.

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

Relative Position vs Comparable Companies
Growth
Both rank well on growth, but Fresnillo plc still sits higher.
Growth — Dominant Gap
AU
78
FRES.L
89
Gap+11in favour of FRES.L

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

What keeps the gap from being one-sided

Stability is the one area where AngloGold Ashanti plc still pushes back materially — it is the steadier name on this dimension, which keeps the result from reading as one-way.

What this means for the comparison

Growth is the clearest driver, and profitability also supports Fresnillo plc's broader structural position.

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Other close 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.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

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.