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

TD Waterhouse Canada Inc. reduced its holdings in Allied Gold Corporation (NYSE:AAUC) by 46.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,620 shares of the company’s stock after selling 49,900 shares during the period. TD Waterhouse Canada Inc.’s holdings in Allied Gold were worth $1,195,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. State of Wyoming bought a new stake in shares of Allied Gold in the first quarter valued at approximately $34,000. Squarepoint Ops LLC bought a new position in Allied Gold during the second quarter worth $440,000. XY Capital Ltd acquired a new position in Allied Gold during the 2nd quarter valued at $497,000. Themes Management Co LLC acquired a new position in Allied Gold during the 1st quarter valued at $520,000. Finally, Carlson Capital L.P. acquired a new position in Allied Gold during the 1st quarter valued at $619,000.

Analyst Ratings Changes

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

Allied Gold Trading Down 0.4%

AAUC opened at $20.61 on Thursday. The stock’s 50 day simple moving average is $21.94 and its 200-day simple moving average is $24.49. The stock has a market cap of $2.87 billion, a PE ratio of 12.32 and a beta of 0.15. Allied Gold Corporation has a 1 year low of $14.60 and a 1 year high of $32.20.

Allied Gold (NYSE:AAUC) last issued its earnings results on Wednesday, August 5th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.25 by $0.19. Allied Gold had a positive return on equity of 41.36% and a negative net margin of 4.19%. Equities analysts forecast that Allied Gold Corporation will post 2.21 earnings per share for the current fiscal year.

Allied Gold Company Profile

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.