Allied Gold Corporation (NYSE:AAUC - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 128,784 shares were traded during trading, an increase of 155% from the previous session's volume of 50,504 shares.The stock last traded at $13.02 and had previously closed at $12.22.
Analyst Ratings Changes
A number of research firms have commented on AAUC. Wall Street Zen lowered shares of Allied Gold from a "buy" rating to a "hold" rating in a report on Thursday, August 14th. Zacks Research raised Allied Gold to a "hold" rating in a research note on Thursday, August 14th. Finally, Cormark upgraded Allied Gold to a "moderate buy" rating in a report on Friday, August 8th.
Check Out Our Latest Analysis on Allied Gold
Allied Gold Price Performance
Hedge Funds Weigh In On Allied Gold
Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new stake in Allied Gold in the second quarter valued at approximately $127,000. Bank of America Corp DE acquired a new position in shares of Allied Gold during the 2nd quarter worth approximately $13,169,000. Finally, Orion Resource Partners LP bought a new stake in Allied Gold in the 2nd quarter valued at $103,634,000.
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.
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