Allied Gold Corporation $AAUC Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in shares of Allied Gold Corporation (NYSE:AAUC) by 106.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,435,409 shares of the company’s stock after acquiring an additional 1,257,438 shares during the quarter. Vanguard Group Inc.’s holdings in Allied Gold were worth $55,805,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. U S Global Investors Inc. acquired a new position in shares of Allied Gold during the 4th quarter valued at $5,565,000. JPMorgan Chase & Co. lifted its holdings in shares of Allied Gold by 4.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,867,201 shares of the company’s stock valued at $32,695,000 after acquiring an additional 75,931 shares in the last quarter. Harvest Investment Services LLC acquired a new position in shares of Allied Gold during the 3rd quarter valued at $497,000. Susquehanna International Group LLP acquired a new position in shares of Allied Gold during the 3rd quarter valued at $366,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Allied Gold by 11.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 20,790 shares of the company’s stock valued at $363,000 after acquiring an additional 2,214 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AAUC. Stifel Nicolaus lowered shares of Allied Gold from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Canaccord Genuity Group lowered shares of Allied Gold from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Allied Gold in a report on Friday, April 24th. Finally, Zacks Research upgraded shares of Allied Gold from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Allied Gold currently has a consensus rating of “Reduce”.

Allied Gold Price Performance

Allied Gold stock opened at $28.33 on Friday. Allied Gold Corporation has a 12-month low of $11.33 and a 12-month high of $32.20. The company has a market capitalization of $3.57 billion and a price-to-earnings ratio of -27.50. The firm’s fifty day moving average price is $30.95 and its 200 day moving average price is $26.75.

Allied Gold (NYSE:AAUC) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). Allied Gold had a positive return on equity of 36.25% and a negative net margin of 9.08%.The firm had revenue of $394.11 million for the quarter. Analysts forecast that Allied Gold Corporation will post 6.18 earnings per share for the current fiscal year.

Allied Gold 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.