Allied Gold Corporation (NYSE:AAUC) Receives Consensus Rating of “Hold” from Brokerages
by Tristan Rich · The Markets DailyShares of Allied Gold Corporation (NYSE:AAUC – Get Free Report) have earned a consensus recommendation of “Hold” from the four research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company.
A number of research firms recently commented on AAUC. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allied Gold in a research report on Friday, April 24th. Canaccord Genuity Group upgraded Allied Gold from a “hold” rating to a “buy” rating in a research report on Monday, June 1st. Finally, Zacks Research upgraded Allied Gold from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th.
Read Our Latest Stock Analysis on Allied Gold
Allied Gold Price Performance
Shares of NYSE:AAUC opened at $22.77 on Friday. The company has a market cap of $2.88 billion and a P/E ratio of -22.10. Allied Gold has a 1 year low of $11.40 and a 1 year high of $32.20. The stock’s fifty day moving average price is $27.88 and its 200-day moving average price is $28.53.
Allied Gold (NYSE:AAUC – Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The business had revenue of $394.11 million for the quarter. Allied Gold had a negative net margin of 9.08% and a positive return on equity of 36.56%. On average, sell-side analysts anticipate that Allied Gold will post 5.1 earnings per share for the current year.
Institutional Trading of Allied Gold
A number of hedge funds have recently bought and sold shares of AAUC. Orion Resource Partners LP purchased a new stake in Allied Gold during the second quarter valued at $103,634,000. UBS Group AG increased its position in Allied Gold by 3,921.0% during the fourth quarter. UBS Group AG now owns 4,042,883 shares of the company’s stock valued at $92,501,000 after acquiring an additional 3,942,340 shares during the last quarter. Helikon Investments Ltd increased its position in Allied Gold by 12.0% during the fourth quarter. Helikon Investments Ltd now owns 16,498,498 shares of the company’s stock valued at $377,486,000 after acquiring an additional 1,761,864 shares during the last quarter. Absolute Gestao de Investimentos Ltda. purchased a new stake in Allied Gold during the first quarter valued at $51,353,000. Finally, L1 Capital Pty Ltd purchased a new stake in Allied Gold during the fourth quarter valued at $33,826,000.
Allied Gold Company 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.