18,768 Shares in Allied Gold Corporation $AAUC Bought by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in shares of Allied Gold Corporation (NYSE:AAUC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,768 shares of the company’s stock, valued at approximately $429,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new stake in Allied Gold during the 2nd quarter worth $127,000. Pictet Asset Management Holding SA increased its stake in Allied Gold by 31.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 14,682 shares of the company’s stock worth $337,000 after buying an additional 3,484 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Allied Gold by 54.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,998 shares of the company’s stock worth $280,000 after buying an additional 5,627 shares during the period. Public Employees Retirement System of Ohio increased its stake in 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 worth $363,000 after buying an additional 2,214 shares during the period. Finally, Susquehanna International Group LLP purchased a new stake in Allied Gold during the 3rd quarter worth $366,000.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AAUC shares. Stifel Nicolaus downgraded shares of Allied Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Canaccord Genuity Group downgraded shares of Allied Gold from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Zacks Research downgraded shares of Allied Gold from a “hold” rating to a “strong sell” rating in a research note on Friday, April 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Allied Gold in a research note on Friday, April 24th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

Allied Gold Price Performance

Shares of AAUC stock opened at $29.84 on Tuesday. The firm has a market cap of $3.76 billion and a P/E ratio of -57.38. Allied Gold Corporation has a 1-year low of $11.20 and a 1-year high of $32.20. The firm has a fifty day moving average of $31.14 and a two-hundred day moving average of $26.49.

Allied Gold (NYSE:AAUC) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.08). The company had revenue of $427.82 million for the quarter. Allied Gold had a positive return on equity of 36.52% and a negative net margin of 3.89%. On average, sell-side analysts expect that Allied Gold Corporation will post 6.18 EPS for the current year.

Allied Gold Company 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.