TD Asset Management Inc boosted its stake in Allied Gold Corporation (NYSE:AAUC – Free Report) by 84.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 397,032 shares of the company’s stock after acquiring an additional 181,921 shares during the quarter. TD Asset Management Inc owned about 0.32% of Allied Gold worth $9,109,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in shares of Allied Gold by 4.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,867,201 shares of the company’s stock valued at $32,695,000 after purchasing an additional 75,931 shares in the last quarter. UBS Group AG boosted its position in Allied Gold by 3,921.0% during the 4th quarter. UBS Group AG now owns 4,042,883 shares of the company’s stock valued at $92,501,000 after purchasing an additional 3,942,340 shares during the period. Helikon Investments Ltd grew its position in shares of Allied Gold by 25.0% during the third quarter. Helikon Investments Ltd now owns 14,736,634 shares of the company’s stock worth $258,038,000 after acquiring an additional 2,944,721 shares during the last quarter. Mudita Advisors LLP increased its stake in shares of Allied Gold by 28.7% in the third quarter. Mudita Advisors LLP now owns 300,234 shares of the company’s stock valued at $5,248,000 after purchasing an additional 66,900 shares during the period. Finally, Vanguard Group Inc. raised its stake in Allied Gold by 106.7% during the 4th quarter. Vanguard Group Inc. now owns 2,435,409 shares of the company’s stock valued at $55,805,000 after acquiring an additional 1,257,438 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the company. Zacks Research raised Allied Gold from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Canaccord Genuity Group raised shares of Allied Gold from a “hold” rating to a “buy” rating in a research report on Monday, June 1st. Stifel Nicolaus lowered Allied Gold from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Allied Gold in a report on Friday, April 24th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Allied Gold Stock Down 0.7%
Shares of NYSE AAUC opened at $25.49 on Wednesday. Allied Gold Corporation has a 12-month low of $11.40 and a 12-month high of $32.20. The firm’s 50-day simple moving average is $29.36 and its 200 day simple moving average is $28.06. The company has a market cap of $3.23 billion and a price-to-earnings ratio of -24.75.
Allied Gold (NYSE:AAUC – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Allied Gold had a positive return on equity of 36.56% and a negative net margin of 9.08%.The business had revenue of $394.11 million for the quarter. On average, equities analysts expect that Allied Gold Corporation will post 5.45 earnings per share for the current year.
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.
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