Shares of Allied Gold Corporation (NYSE:AAUC - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $17.55 and last traded at $17.54, with a volume of 91897 shares. The stock had previously closed at $17.06.
Analysts Set New Price Targets
AAUC has been the subject of a number of research reports. Cormark raised shares of Allied Gold to a "moderate buy" rating in a report on Friday, August 8th. Zacks Research upgraded shares of Allied Gold to a "hold" rating in a report on Thursday, August 14th. Finally, Wall Street Zen lowered shares of Allied Gold from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Allied Gold has a consensus rating of "Hold".
Get Our Latest Stock Analysis on Allied Gold
Allied Gold Stock Performance
The firm has a market capitalization of $2.01 billion and a PE ratio of -27.18.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in AAUC. Orion Resource Partners LP bought a new position in Allied Gold during the 2nd quarter worth approximately $103,634,000. Bank of America Corp DE acquired a new stake in shares of Allied Gold during the 2nd quarter worth approximately $13,169,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Allied Gold during the 2nd quarter worth approximately $127,000.
Allied Gold Company Profile
(
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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.
Further Reading
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