AngloGold Ashanti posts strong Q1 with EPS beat and 190% free cash flow growth, shares remain a buy.

AngloGold Ashanti reported strong Q1 results with non-GAAP EPS of $2.52, beating expectations, and free cash flow growing 190% year-over-year to $1.17 billion. Despite revenue missing estimates at $3.15 billion, the company shows a solid balance sheet with $868 million in net cash and plans to reach $1 billion net cash alongside a $2 billion share repurchase program. The stock offers an attractive valuation with a 6.9% dividend yield and 6% free cash flow yield, trading slightly below its long-term average P/E. These factors support maintaining a "Buy" rating on the shares.