Vontobel Holding Ltd. Buys New Holdings in Allied Gold Corporation $AAUC

Key Points

• Vontobel Holding acquired 50,000 Allied Gold shares in the third quarter, valued at approximately $1.05 million. Several other institutional investors also initiated or increased positions in the company.
• Analyst sentiment is mixed, but Allied Gold has an overall “Moderate Buy” rating, with recommendations ranging from Strong Buy to Sell.
• Allied Gold reported quarterly EPS of $0.44, surpassing the $0.25 consensus estimate. The stock opened at $20.95, compared with a 52-week range of $14.60 to $32.20.

Vontobel Holding Ltd. bought a new stake in Allied Gold Corporation (NYSE:AAUC - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 50,000 shares of the company's stock, valued at approximately $1,047,000.

Several other hedge funds also recently bought and sold shares of the company. Groupe la Francaise grew its holdings in shares of Allied Gold by 45.3% in the 2nd quarter. Groupe la Francaise now owns 399,126 shares of the company's stock valued at $9,491,000 after buying an additional 124,443 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in shares of Allied Gold in the 1st quarter valued at $38,691,000. Capula Management Ltd bought a new stake in shares of Allied Gold in the 1st quarter valued at $31,102,000. DLD Asset Management LP acquired a new stake in Allied Gold during the 1st quarter worth $1,897,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in Allied Gold during the 1st quarter worth $1,801,000.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. National Bank Financial cut Allied Gold to a "hold" rating in a research note on Wednesday, July 29th. Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Allied Gold in a research report on Friday. Weiss Ratings reiterated a "sell (d-)" rating on shares of Allied Gold in a report on Tuesday, July 21st. Stifel Nicolaus upgraded Allied Gold from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen lowered Allied Gold from a "buy" rating to a "hold" rating in a research report on Sunday, October 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy".

Allied Gold Price Performance

Shares of Allied Gold stock opened at $20.95 on Tuesday. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 12.45 and a beta of 0.15. The stock's 50-day moving average is $22.01 and its 200-day moving average is $24.64. Allied Gold Corporation has a one year low of $14.60 and a one year high of $32.20.

Allied Gold (NYSE:AAUC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.44 earnings per share for the quarter, topping 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 analysts expect that Allied Gold Corporation will post 2.25 EPS for the current year.

Allied Gold Company Profile

Allied Gold Corporation is a gold producer focused on the acquisition, exploration, development and operation of gold assets in Africa. The company's portfolio includes producing and development-stage properties, with activities centered on expanding production and extending mine lives.

Allied Gold's principal operating assets include the Bonikro and Agbaou mines in Côte d'Ivoire and the Sadiola Gold Mine in Mali. Through these operations, the company produces gold and conducts exploration and development work intended to identify additional resources and support future growth.

The company serves the international gold market and is publicly listed on the New York Stock Exchange under the symbol AAUC.

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