Allied Gold (NYSE:AAUC – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.18, Zacks reports. The business had revenue of $358.07 million during the quarter. Allied Gold had a positive return on equity of 42.29% and a negative net margin of 1.01%.
Allied Gold Stock Performance
Shares of NYSE:AAUC traded up $1.29 during mid-day trading on Friday, hitting $23.08. 562,170 shares of the company traded hands, compared to its average volume of 715,008. The firm has a market cap of $3.24 billion, a P/E ratio of -121.46 and a beta of 0.33. Allied Gold has a 52-week low of $14.86 and a 52-week high of $32.20. The firm’s 50 day simple moving average is $21.26 and its 200 day simple moving average is $25.95.
Wall Street Analyst Weigh In
AAUC has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allied Gold in a report on Monday, October 19th. Wall Street Zen lowered Allied Gold from a “buy” rating to a “hold” rating in a research note on Sunday, October 11th. Zacks Research lowered Allied Gold from a “hold” rating to a “strong sell” rating in a research note on Monday. Stifel Nicolaus upgraded Allied Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Finally, National Bank Financial raised Allied Gold from a “sector perform” rating to an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.
View Our Latest Analysis on AAUC
Allied Gold Company Profile
Allied Gold Corporation is a Canada-based gold producer and mine developer focused on operations in West Africa. The company explores for, develops and produces gold, with activities spanning open-pit mining, ore processing and the production of gold doré.
Allied Gold’s principal assets include the Sadiola gold mine in Mali and the Bonikro and Agbaou gold mines in Côte d’Ivoire. The company also manages exploration and development programs intended to extend mine lives, expand resources and improve production from its regional asset base.
Allied Gold became a publicly traded company in 2023.
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