Allied Gold Corporation $AAUC Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd decreased its position in shares of Allied Gold Corporation (NYSE:AAUC) by 51.5% during the 1st quarter, Holdings Channel.com reports. The fund owned 41,841 shares of the company’s stock after selling 44,374 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Allied Gold were worth $1,299,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Helikon Investments Ltd increased its stake in Allied Gold by 12.0% in the 4th quarter. Helikon Investments Ltd now owns 16,498,498 shares of the company’s stock valued at $377,486,000 after purchasing an additional 1,761,864 shares in the last quarter. Orion Resource Partners LP purchased a new stake in Allied Gold during the second quarter worth $103,634,000. UBS Group AG boosted its position in Allied Gold by 3,921.0% during the fourth quarter. UBS Group AG now owns 4,042,883 shares of the company’s stock worth $92,501,000 after purchasing an additional 3,942,340 shares in the last quarter. Boston Partners grew its holdings in Allied Gold by 8.4% in the fourth quarter. Boston Partners now owns 3,967,412 shares of the company’s stock valued at $90,774,000 after purchasing an additional 307,675 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Allied Gold by 106.7% in the fourth quarter. Vanguard Group Inc. now owns 2,435,409 shares of the company’s stock valued at $55,805,000 after purchasing an additional 1,257,438 shares during the last quarter.

Allied Gold Stock Up 1.6%

Shares of Allied Gold stock traded up $0.36 during trading on Friday, hitting $23.52. 683,343 shares of the company were exchanged, compared to its average volume of 439,128. Allied Gold Corporation has a fifty-two week low of $11.40 and a fifty-two week high of $32.20. The firm has a 50 day moving average price of $26.16 and a 200 day moving average price of $28.58. The stock has a market capitalization of $2.98 billion and a price-to-earnings ratio of -22.84.

Allied Gold (NYSE:AAUC) last announced its earnings results on Thursday, May 14th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The company had revenue of $394.11 million for the quarter. Allied Gold had a negative net margin of 9.08% and a positive return on equity of 36.56%. Analysts predict that Allied Gold Corporation will post 5.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Canaccord Genuity Group raised Allied Gold from a “hold” rating to a “buy” rating in a research note on Monday, June 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Allied Gold in a research note on Friday, April 24th. Finally, Zacks Research upgraded shares of Allied Gold from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.

About Allied Gold

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.