Wall Street Zen upgraded shares of Allied Gold (NYSE:AAUC – Free Report) to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.
Several other brokerages also recently commented on AAUC. Canadian Imperial Bank of Commerce raised Allied Gold to an “outperform” rating in a report on Thursday, July 30th. National Bank Financial downgraded Allied Gold to a “hold” rating in a research report on Wednesday, July 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Allied Gold in a research report on Tuesday, July 21st. Stifel Nicolaus raised Allied Gold from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Finally, Zacks Research upgraded Allied Gold from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Allied Gold currently has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on Allied Gold
Allied Gold Stock Performance
Allied Gold (NYSE:AAUC – Get Free Report) last issued 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 negative net margin of 4.19% and a positive return on equity of 41.36%. Sell-side analysts forecast that Allied Gold will post 2.73 EPS for the current year.
Institutional Trading of Allied Gold
Institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC acquired a new position in shares of Allied Gold in the 2nd quarter valued at about $440,000. Groupe la Francaise grew its stake in Allied Gold by 45.3% during the second quarter. Groupe la Francaise now owns 399,126 shares of the company’s stock worth $9,491,000 after purchasing an additional 124,443 shares during the period. XY Capital Ltd acquired a new stake in Allied Gold during the second quarter worth approximately $497,000. Public Employees Retirement System of Ohio acquired a new stake in Allied Gold during the second quarter worth approximately $668,000. Finally, Carlson Capital L.P. bought a new stake in Allied Gold in the first quarter worth approximately $619,000.
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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