Allied Gold Corporation $AAUC Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its stake in Allied Gold Corporation (NYSE:AAUC) by 143.0% in the first quarter, Holdings Channel.com reports. The firm owned 45,598 shares of the company’s stock after acquiring an additional 26,830 shares during the quarter. International Assets Investment Management LLC’s holdings in Allied Gold were worth $1,423,000 at the end of the most recent quarter.

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

Allied Gold Trading Up 0.8%

Shares of AAUC stock opened at $23.52 on Monday. The company has a market capitalization of $2.98 billion and a PE ratio of -22.84. The firm has a fifty day simple moving average of $26.16 and a 200-day simple moving average of $28.60. Allied Gold Corporation has a twelve month low of $11.40 and a twelve month high of $32.20.

Allied Gold (NYSE:AAUC) last released its quarterly 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 firm had revenue of $394.11 million for the quarter. Equities research analysts predict that Allied Gold Corporation will post 5.1 EPS for the current year.

Analysts Set New Price Targets

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

Allied Gold 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.