Allied Gold Corporation $AAUC Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its holdings in shares of Allied Gold Corporation (NYSE:AAUC) by 46.0% in the third quarter, Holdings Channel reports. The firm owned 58,620 shares of the company’s stock after selling 49,900 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Allied Gold were worth $1,195,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its holdings in Allied Gold by 111.1% during the first quarter. Bank of America Corp DE now owns 2,521,475 shares of the company’s stock valued at $78,267,000 after purchasing an additional 1,326,787 shares in the last quarter. Absolute Gestao de Investimentos Ltda. acquired a new position in shares of Allied Gold in the 1st quarter worth approximately $51,353,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Allied Gold in the 1st quarter worth approximately $38,691,000. Capula Management Ltd bought a new position in shares of Allied Gold during the 1st quarter worth approximately $31,102,000. Finally, PSquared Asset Management AG bought a new position in shares of Allied Gold during the 1st quarter worth approximately $22,901,000.

Allied Gold Stock Down 0.4%

Allied Gold stock opened at $20.61 on Thursday. The stock has a 50-day simple moving average of $21.94 and a 200 day simple moving average of $24.49. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 12.32 and a beta of 0.15. Allied Gold Corporation has a 12-month low of $14.60 and a 12-month high of $32.20.

Allied Gold (NYSE:AAUC) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.44 EPS for the quarter, topping 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%. As a group, sell-side analysts anticipate that Allied Gold Corporation will post 2.21 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Zacks Research raised Allied Gold from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Wall Street Zen cut Allied Gold from a “buy” rating to a “hold” rating in a research report on Sunday, October 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Allied Gold in a research note on Monday. National Bank Financial cut Allied Gold to a “hold” rating in a report on Wednesday, July 29th. Finally, Stifel Nicolaus raised Allied Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About Allied Gold

Allied Gold Corporation is a Canada-based gold producer and mine developer focused on operations in West Africa. The company explores for, develops and produces gold, with activities spanning open-pit mining, ore processing and the production of gold doré.

Allied Gold’s principal assets include the Sadiola gold mine in Mali and the Bonikro and Agbaou gold mines in Côte d’Ivoire. The company also manages exploration and development programs intended to extend mine lives, expand resources and improve production from its regional asset base.

Allied Gold became a publicly traded company in 2023.