UBS Group AG Has $92.50 Million Stock Holdings in Allied Gold Corporation $AAUC

UBS Group AG raised its stake in Allied Gold Corporation (NYSE:AAUC) by 3,921.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,042,883 shares of the company’s stock after buying an additional 3,942,340 shares during the quarter. UBS Group AG’s holdings in Allied Gold were worth $92,501,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AAUC. JPMorgan Chase & Co. increased its stake in Allied Gold by 4.2% in the third 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 during the last quarter. Helikon Investments Ltd increased its stake in Allied Gold by 25.0% in the third quarter. Helikon Investments Ltd now owns 14,736,634 shares of the company’s stock valued at $258,038,000 after acquiring an additional 2,944,721 shares during the last quarter. Mudita Advisors LLP increased its stake in Allied Gold by 28.7% in the third quarter. Mudita Advisors LLP now owns 300,234 shares of the company’s stock valued at $5,248,000 after acquiring an additional 66,900 shares during the last quarter. TD Asset Management Inc boosted its position in Allied Gold by 15.6% in the third quarter. TD Asset Management Inc now owns 215,111 shares of the company’s stock valued at $3,760,000 after buying an additional 29,096 shares in the last quarter. Finally, U S Global Investors Inc. acquired a new stake in Allied Gold in the fourth quarter valued at approximately $5,565,000.

Allied Gold Stock Down 2.2%

AAUC stock opened at $29.23 on Friday. The firm has a market cap of $3.68 billion and a price-to-earnings ratio of -56.21. Allied Gold Corporation has a 12-month low of $11.20 and a 12-month high of $32.20. The company’s fifty day simple moving average is $31.32 and its 200 day simple moving average is $26.07.

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

Wall Street Analysts Forecast Growth

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

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.