Allied Gold (NYSE:AAUC) Issues Quarterly Earnings Results

by · The Cerbat Gem

Allied Gold (NYSE:AAUC – Get Free Report) released its earnings results on Wednesday. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.18), Zacks reports. Allied Gold had a positive return on equity of 30.88% and a negative net margin of 13.41%.

Allied Gold Trading Up 3.2%

Shares of NYSE:AAUC opened at $15.14 on Thursday. The company’s fifty day moving average is $16.68. The firm has a market cap of $1.87 billion and a PE ratio of -23.65. Allied Gold has a one year low of $6.37 and a one year high of $20.49.

Analyst Upgrades and Downgrades

AAUC has been the topic of a number of research reports. Zacks Research upgraded Allied Gold from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Weiss Ratings initiated coverage on Allied Gold in a report on Thursday, October 30th. They issued a “sell (d-)” rating on the stock. Wall Street Zen cut Allied Gold from a “buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Cormark upgraded Allied Gold to a “moderate buy” rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Allied Gold has an average rating of “Moderate Buy”.

View Our Latest Analysis on Allied Gold

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC purchased a new position in shares of Allied Gold during the 2nd quarter worth $127,000. Bank of America Corp DE purchased a new position in shares of Allied Gold during the 2nd quarter worth $13,169,000. Finally, Orion Resource Partners LP purchased a new position in shares of Allied Gold during the 2nd quarter worth $103,634,000.

Allied Gold Company Profile

(Get Free Report)

Allied Gold Corporation is a gold producer. It operates a portfolio of producing assets and development projects located principally in Cote d’Ivoire, Mali and Ethiopia. Allied Gold Corporation is based in Canada.

Featured Articles