Allied Gold Corporation (AAUC) – What Are Analysts Thinking About This Stock?

Shares of Allied Gold Corporation (NYSE:AAUC) have received an average rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company.

Several research firms have commented on AAUC. Wall Street Zen downgraded shares of Allied Gold from a “buy” rating to a “hold” rating in a research note on Sunday. Stifel Nicolaus raised Allied Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Canadian Imperial Bank of Commerce upgraded Allied Gold to an “outperform” rating in a research note on Thursday, July 30th. Zacks Research upgraded Allied Gold from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Allied Gold in a research note on Tuesday, July 21st.

Allied Gold Stock Performance

NYSE AAUC opened at $20.60 on Friday. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of -38.15 and a beta of 0.15. The firm has a 50 day simple moving average of $22.01 and a 200-day simple moving average of $25.13. Allied Gold has a one year low of $14.60 and a one year high of $32.20.

Allied Gold (NYSE:AAUC) last announced its earnings results on Wednesday, August 5th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.19. Allied Gold had a negative net margin of 4.19% and a positive return on equity of 41.36%. Equities analysts predict that Allied Gold will post 2.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Allied Gold

A number of hedge funds have recently bought and sold shares of AAUC. Squarepoint Ops LLC acquired a new stake in shares of Allied Gold in the 2nd quarter valued at $440,000. Groupe la Francaise lifted its position in shares of Allied Gold by 45.3% during the 2nd quarter. Groupe la Francaise now owns 399,126 shares of the company’s stock worth $9,491,000 after purchasing an additional 124,443 shares during the last quarter. XY Capital Ltd acquired a new position in shares of Allied Gold during the second quarter worth $497,000. Public Employees Retirement System of Ohio acquired a new position in shares of Allied Gold during the second quarter worth $668,000. Finally, Carlson Capital L.P. acquired a new position in shares of Allied Gold during the first quarter worth $619,000.

Allied Gold Company Profile

Allied Gold Corporation is a gold producer focused on the acquisition, exploration, development and operation of gold assets in Africa. The company’s portfolio includes producing and development-stage properties, with activities centered on expanding production and extending mine lives.

Allied Gold’s principal operating assets include the Bonikro and Agbaou mines in Côte d’Ivoire and the Sadiola Gold Mine in Mali. Through these operations, the company produces gold and conducts exploration and development work intended to identify additional resources and support future growth.

The company serves the international gold market and is publicly listed on the New York Stock Exchange under the symbol AAUC.