Allied Gold Corporation (NYSE:AAUC – Get Free Report) has earned a consensus recommendation of “Hold” from the four research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company.
Several research firms have weighed in on AAUC. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allied Gold in a report on Friday, April 24th. Zacks Research raised shares of Allied Gold from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Finally, Canaccord Genuity Group upgraded shares of Allied Gold from a “hold” rating to a “buy” rating in a research report on Monday, June 1st.
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Allied Gold Price Performance
Shares of NYSE:AAUC opened at $20.36 on Tuesday. The firm’s 50 day simple moving average is $25.18 and its 200 day simple moving average is $28.49. Allied Gold has a fifty-two week low of $11.40 and a fifty-two week high of $32.20. The company has a market capitalization of $2.58 billion and a price-to-earnings ratio of -19.76.
Allied Gold (NYSE:AAUC – Get Free Report) last issued its quarterly earnings data 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). Allied Gold had a negative net margin of 9.08% and a positive return on equity of 36.56%. The firm had revenue of $394.11 million for the quarter. Equities research analysts expect that Allied Gold will post 5.1 earnings per share for the current 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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