Allied Gold Corporation $AAUC Shares Bought by UBS Group AG

Key Points

• UBS Group AG dramatically increased its position in Allied Gold in Q4, adding 3,942,340 shares (a 3,921% increase) to hold 4,042,883 shares—about 3.24% of the company, valued at roughly $92.5 million.
• Research firms have downgraded AAUC recently—Zacks to "strong sell", Stifel and Canaccord to "hold", and Weiss reissued "sell (d-)"—leaving an overall average rating of Reduce (two Holds, two Sells).
• Allied Gold has a $3.68 billion market cap and a negative P/E (-56.21); the most recent quarter showed EPS of $0.56 (missing estimates by $0.08) on $427.8 million revenue, with a 12‑month trading range of $11.20 to $32.20.

UBS Group AG lifted its stake in Allied Gold Corporation (NYSE:AAUC - Free Report) by 3,921.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,042,883 shares of the company's stock after acquiring an additional 3,942,340 shares during the period. UBS Group AG owned 3.24% of Allied Gold worth $92,501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio lifted its stake in shares of Allied Gold by 11.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 20,790 shares of the company's stock worth $363,000 after acquiring an additional 2,214 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Allied Gold by 54.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,998 shares of the company's stock worth $280,000 after acquiring an additional 5,627 shares during the period. Cibc World Market Inc. lifted its stake in shares of Allied Gold by 54.4% in the 3rd quarter. Cibc World Market Inc. now owns 22,690 shares of the company's stock worth $396,000 after acquiring an additional 7,991 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Allied Gold in the 2nd quarter worth approximately $127,000. Finally, Susquehanna International Group LLP acquired a new stake in shares of Allied Gold in the 3rd quarter worth approximately $366,000.

Wall Street Analyst Weigh In

AAUC has been the subject of a number of research analyst reports. Zacks Research lowered shares of Allied Gold from a "hold" rating to a "strong sell" rating in a research note on Friday, April 10th. Stifel Nicolaus lowered shares of Allied Gold from a "buy" rating to a "hold" rating in a research note on Tuesday, February 10th. Canaccord Genuity Group lowered shares of Allied Gold from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 26th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Allied Gold in a research note on Friday, April 24th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Allied Gold presently has an average rating of "Reduce".

Allied Gold Stock Performance

Allied Gold stock opened at $29.23 on Friday. The firm has a market cap of $3.68 billion and a PE ratio of -56.21. The firm's 50 day moving average price is $31.32 and its two-hundred day moving average price is $26.07. Allied Gold Corporation has a twelve month low of $11.20 and a twelve month high of $32.20.

Allied Gold (NYSE:AAUC - Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.08). The company had revenue of $427.82 million during the quarter. Allied Gold had a negative net margin of 3.89% and a positive return on equity of 36.52%. Equities analysts anticipate that Allied Gold Corporation will post 6.18 EPS for the current fiscal year.

Allied Gold Profile

Allied Gold NYSE: AAUC is a publicly listed company that operates in the gold mining sector. The firm's business centers on identifying, acquiring and advancing gold-bearing properties with the objective of creating and operating economically viable mining assets. Allied Gold's activities are typical of junior and mid-tier gold companies, encompassing exploration, resource definition, development planning and the eventual production and sale of gold.

Core business activities for Allied Gold include mineral exploration programs to discover and delineate gold resources, feasibility and engineering studies to assess project economics, permitting and mine development work where projects progress to the construction phase, and operational oversight for producing assets.

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