Allied Gold Corporation (NYSE:AAUC - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $15.79 and last traded at $15.74, with a volume of 42488 shares changing hands. The stock had previously closed at $15.49.
Analysts Set New Price Targets
AAUC has been the topic of a number of research analyst reports. Zacks Research upgraded shares of Allied Gold to a "hold" rating in a research note on Thursday, August 14th. Cormark upgraded Allied Gold to a "moderate buy" rating in a research note on Friday, August 8th. Finally, Wall Street Zen cut Allied Gold from a "buy" rating to a "hold" rating in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of "Hold".
Check Out Our Latest Stock Report on Allied Gold
Allied Gold Price Performance
The stock has a market capitalization of $1.81 billion and a P/E ratio of -24.53.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new position in shares of Allied Gold in the 2nd quarter valued at about $127,000. Orion Resource Partners LP purchased a new stake in shares of Allied Gold in the 2nd quarter valued at about $103,634,000. Finally, Bank of America Corp DE purchased a new stake in shares of Allied Gold in the 2nd quarter valued at about $13,169,000.
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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