Capula Management Ltd Buys New Position in Allied Gold Corporation $AAUC

Capula Management Ltd purchased a new position in shares of Allied Gold Corporation (NYSE:AAUC) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,002,000 shares of the company’s stock, valued at approximately $31,102,000. Allied Gold makes up approximately 0.2% of Capula Management Ltd’s holdings, making the stock its 16th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Global Retirement Partners LLC bought a new position in Allied Gold during the 4th quarter valued at $34,000. State of Wyoming purchased a new stake in shares of Allied Gold in the first quarter valued at about $34,000. Tower Research Capital LLC TRC bought a new position in shares of Allied Gold during the second quarter valued at about $127,000. Virtu Financial LLC bought a new position in shares of Allied Gold during the fourth quarter valued at about $245,000. Finally, Kovack Advisors Inc. purchased a new position in Allied Gold during the fourth quarter worth about $255,000.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Canaccord Genuity Group upgraded shares of Allied Gold from a “hold” rating to a “buy” rating in a research note on Monday, June 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Allied Gold in a report on Friday, April 24th. Finally, Zacks Research downgraded Allied Gold from a “hold” rating to a “strong sell” rating in a research report on Monday. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Allied Gold Stock Performance

Shares of AAUC stock opened at $21.17 on Friday. The firm has a market cap of $2.68 billion and a price-to-earnings ratio of -20.55. Allied Gold Corporation has a 52 week low of $11.40 and a 52 week high of $32.20. The firm’s 50-day simple moving average is $24.69 and its two-hundred day simple moving average is $28.46.

Allied Gold (NYSE:AAUC) last released its earnings results on Thursday, May 14th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Allied Gold had a negative net margin of 9.08% and a positive return on equity of 36.56%. The company had revenue of $394.11 million for the quarter. Analysts forecast that Allied Gold Corporation will post 4.52 earnings per share for the current year.

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.