Shares of Allied Gold Corporation (NYSE:AAUC – Get Free Report) have been given an average recommendation of “Reduce” by the four ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation and three have given a hold recommendation to the company.
A number of research firms have weighed in on AAUC. Zacks Research upgraded Allied Gold from a “strong sell” rating to a “hold” rating in a report on Monday. Canaccord Genuity Group downgraded Allied Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allied Gold in a report on Friday, April 24th. Finally, Stifel Nicolaus downgraded Allied Gold from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th.
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Allied Gold Price Performance
Shares of NYSE:AAUC opened at $29.44 on Thursday. The stock’s 50-day moving average is $31.06 and its 200 day moving average is $26.66. The company has a market cap of $3.71 billion and a PE ratio of -56.62. Allied Gold has a 1 year low of $11.20 and a 1 year high of $32.20.
Allied Gold (NYSE:AAUC – Get Free Report) last posted its earnings results on Tuesday, March 31st. The company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.08). Allied Gold had a positive return on equity of 36.52% and a negative net margin of 3.89%.The firm had revenue of $427.82 million for the quarter. Analysts expect that Allied Gold will post 6.18 EPS for the current fiscal year.
About Allied Gold
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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