Allied Gold Corporation $AAUC Shares Newly Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. acquired a new stake in Allied Gold Corporation (NYSE:AAUC) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 50,000 shares of the company’s stock, valued at approximately $1,047,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AAUC. State of Wyoming acquired a new stake in shares of Allied Gold in the first quarter valued at about $34,000. Pictet Asset Management Holding SA raised its holdings in Allied Gold by 48.7% during the first quarter. Pictet Asset Management Holding SA now owns 21,833 shares of the company’s stock worth $675,000 after acquiring an additional 7,151 shares in the last quarter. Themes Management Co LLC bought a new position in Allied Gold in the first quarter valued at approximately $520,000. Squarepoint Ops LLC acquired a new position in shares of Allied Gold during the 2nd quarter worth approximately $440,000. Finally, Carlson Capital L.P. acquired a new position in shares of Allied Gold during the 1st quarter worth approximately $619,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AAUC. Zacks Research upgraded shares of Allied Gold from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Allied Gold in a research report on Friday. Stifel Nicolaus upgraded shares of Allied Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Allied Gold in a research report on Tuesday, July 21st. Finally, National Bank Financial downgraded shares of Allied Gold to a “hold” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Allied Gold Price Performance

AAUC stock opened at $20.95 on Tuesday. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 12.45 and a beta of 0.15. The company has a fifty day moving average price of $22.01 and a two-hundred day moving average price of $24.64. Allied Gold Corporation has a one year low of $14.60 and a one year high of $32.20.

Allied Gold (NYSE:AAUC) last posted its earnings results on Wednesday, August 5th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Research analysts anticipate that Allied Gold Corporation will post 2.25 EPS for the current fiscal year.

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.