Allied Gold FY2025 EPS Boosted by National Bank Financial

Key Points

• National Bank Financial has upgraded its FY2025 earnings per share estimate for Allied Gold Corporation from $1.51 to $1.62.
• Other analysts have recently adjusted their ratings, with Zacks Research upgrading Allied Gold to a "hold" and Cormark assigning a "moderate buy" rating.
• Institutional investors have shown increased interest, with significant new stakes acquired in the second quarter, including a $103.6 million investment by Orion Resource Partners LP.

Allied Gold Corporation (NYSE:AAUC - Free Report) - Equities researchers at National Bank Financial lifted their FY2025 earnings per share (EPS) estimates for shares of Allied Gold in a research note issued on Tuesday, September 23rd. National Bank Financial analyst M. Sidibe now anticipates that the company will post earnings per share of $1.62 for the year, up from their previous forecast of $1.51. National Bank Financial also issued estimates for Allied Gold's FY2026 earnings at $4.63 EPS.

A number of other research firms have also recently weighed in on AAUC. Zacks Research raised shares of Allied Gold to a "hold" rating in a research note on Thursday, August 14th. Cormark upgraded shares of Allied Gold to a "moderate buy" rating in a research report on Friday, August 8th. Finally, Wall Street Zen downgraded shares of Allied Gold from a "buy" rating to a "hold" rating in a research report on Thursday, August 14th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Allied Gold presently has an average rating of "Hold".

Allied Gold Trading Down 1.6%

Shares of AAUC stock opened at $16.91 on Thursday. The firm has a market cap of $1.95 billion and a P/E ratio of -26.42. Allied Gold has a 1-year low of $6.37 and a 1-year high of $17.50.

Hedge Funds Weigh In On Allied Gold

Institutional investors have recently made changes to their positions in the stock. Orion Resource Partners LP acquired a new stake in shares of Allied Gold during the second quarter valued at $103,634,000. Bank of America Corp DE purchased a new position in Allied Gold in the 2nd quarter valued at about $13,169,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Allied Gold during the 2nd quarter worth about $127,000.

Allied Gold Company Profile

Allied Gold Corporation is a gold producer. It operates a portfolio of producing assets and development projects located principally in Cote d'Ivoire, Mali and Ethiopia. Allied Gold Corporation is based in Canada.

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