Dimensional Fund Advisors LP Sells 35,438 Shares of Allied Gold Corporation $AAUC

Dimensional Fund Advisors LP trimmed its position in Allied Gold Corporation (NYSE:AAUC) by 44.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,305 shares of the company’s stock after selling 35,438 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Allied Gold were worth $1,375,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE bought a new position in shares of Allied Gold during the 2nd quarter worth approximately $13,169,000. Orion Resource Partners LP purchased a new stake in Allied Gold in the second quarter worth $103,634,000. Tower Research Capital LLC TRC bought a new stake in shares of Allied Gold in the second quarter valued at approximately $127,000. Vanguard Group Inc. raised its holdings in Allied Gold by 1,824.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,177,971 shares of the company’s stock valued at $20,585,000 after acquiring an additional 1,116,768 shares during the period. Finally, Swiss National Bank lifted its holdings in Allied Gold by 16.4% during the 3rd quarter. Swiss National Bank now owns 159,166 shares of the company’s stock worth $2,783,000 after purchasing an additional 22,400 shares in the last quarter.

Allied Gold Price Performance

Shares of NYSE:AAUC opened at $22.78 on Friday. Allied Gold Corporation has a one year low of $11.90 and a one year high of $32.20. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of -42.19 and a beta of -0.22. The company has a 50 day moving average of $22.68 and a 200-day moving average of $27.72.

Allied Gold (NYSE:AAUC) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.19. Allied Gold had a negative net margin of 4.19% and a positive return on equity of 41.36%. Equities research analysts anticipate that Allied Gold Corporation will post 3.03 earnings per share for the current year.

Wall Street Analyst Weigh In

AAUC has been the subject of several recent analyst reports. Canadian Imperial Bank of Commerce upgraded Allied Gold to an “outperform” rating in a research report on Thursday, July 30th. Zacks Research downgraded shares of Allied Gold from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Allied Gold in a report on Tuesday, July 21st. Stifel Nicolaus raised Allied Gold from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Finally, Canaccord Genuity Group raised shares of Allied Gold from a “hold” rating to a “buy” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Allied Gold presently has an average rating of “Hold”.

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.