11 Best Undervalued UK Stocks to Buy Right Now

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4. AngloGold Ashanti plc (NYSE:AU)

Forward P/E Ratio: 10.02

Number of Hedge Fund Holders: 31

AngloGold Ashanti plc (NYSE:AU) is an international gold mining company based in the United Kingdom. Its main business revolves around exploring, mining, and producing gold. However, it produces other by-products including silver and sulfuric acid.

On April 21, Josh Wolfson from RBC Capital maintained a Buy rating on the stock with a price target of $41. The company has been benefiting from the increased gold prices internationally. In 2024, AngloGold Ashanti plc (NYSE:AU) produced 2,660 thousand troy ounces of gold, slightly more than the production in 2023. However, the revenue grew more than 26% year-over-year to reach $5.79 billion, indicating favorable gold prices.

Moreover, in March 2025, the company announced completing a landmark renewables project at its Tropicana gold mine in Western Australia. The project is recognized as the largest hybrid power system in Australia’s mining sector. It is one of the best undervalued UK stocks to buy right now.

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