Allied Gold Corporation (AAUC) - What Are Analysts Saying About This Stock?

Key Points

• Analyst consensus is “Moderate Buy”: Of six firms covering Allied Gold, two rate it a buy, one a strong buy, two a hold, and one a sell. Recent revisions were mixed, including upgrades from Zacks Research and Stifel Nicolaus, alongside downgrades from Wall Street Zen and National Bank Financial.
• Quarterly earnings exceeded expectations: Allied Gold reported $0.44 in earnings per share versus the $0.25 consensus estimate, while analysts expect full-year EPS of approximately $2.29.
• Shares opened at $20.19 and remain below their 50-day and 200-day moving averages of $21.69 and $26.15, respectively; the stock has traded between $14.60 and $32.20 over the past year.

Shares of Allied Gold Corporation (NYSE:AAUC - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company.

AAUC has been the subject of a number of recent analyst reports. Zacks Research raised shares of Allied Gold from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 18th. Wall Street Zen lowered Allied Gold from a "buy" rating to a "hold" rating in a research report on Sunday, October 11th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Allied Gold in a research note on Friday, October 16th. Stifel Nicolaus raised shares of Allied Gold from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Finally, National Bank Financial lowered shares of Allied Gold to a "hold" rating in a research note on Wednesday, July 29th.

Allied Gold Stock Performance

AAUC stock opened at $20.19 on Thursday. Allied Gold has a 1 year low of $14.60 and a 1 year high of $32.20. The firm has a market cap of $2.81 billion, a P/E ratio of -37.39 and a beta of 0.15. The stock has a 50-day simple moving average of $21.69 and a 200-day simple moving average of $26.15.

Allied Gold (NYSE:AAUC - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.25 by $0.19. Allied Gold had a positive return on equity of 41.36% and a negative net margin of 4.19%. On average, equities research analysts predict that Allied Gold will post 2.29 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AAUC. State of Wyoming acquired a new stake in Allied Gold during the first quarter worth about $34,000. Themes Management Co LLC bought a new position in shares of Allied Gold during the first quarter valued at approximately $520,000. Squarepoint Ops LLC bought a new position in shares of Allied Gold during the second quarter valued at approximately $440,000. Carlson Capital L.P. bought a new position in shares of Allied Gold during the first quarter valued at approximately $619,000. Finally, XY Capital Ltd acquired a new stake in shares of Allied Gold during the 2nd quarter worth approximately $497,000.

Allied Gold Company Profile

Allied Gold Corporation is a Canada-based gold producer and mine developer focused on operations in West Africa. The company explores for, develops and produces gold, with activities spanning open-pit mining, ore processing and the production of gold doré.

Allied Gold's principal assets include the Sadiola gold mine in Mali and the Bonikro and Agbaou gold mines in Côte d'Ivoire. The company also manages exploration and development programs intended to extend mine lives, expand resources and improve production from its regional asset base.

Allied Gold became a publicly traded company in 2023.

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