Allied Gold Corporation $AAUC Shares Acquired by Swiss National Bank

Swiss National Bank increased its position in Allied Gold Corporation (NYSE:AAUC) by 32.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 211,066 shares of the company’s stock after purchasing an additional 51,900 shares during the quarter. Swiss National Bank’s holdings in Allied Gold were worth $6,533,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC increased its stake in Allied Gold by 143.0% during the 1st quarter. International Assets Investment Management LLC now owns 45,598 shares of the company’s stock worth $1,423,000 after buying an additional 26,830 shares during the period. Credit Industriel ET Commercial purchased a new position in Allied Gold in the 1st quarter valued at about $6,412,000. Pictet Asset Management Holding SA grew its stake in shares of Allied Gold by 48.7% during the first quarter. Pictet Asset Management Holding SA now owns 21,833 shares of the company’s stock valued at $675,000 after acquiring an additional 7,151 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Allied Gold during the fourth quarter valued at about $245,000. Finally, Toronto Dominion Bank increased its position in shares of Allied Gold by 1,336.3% during the fourth quarter. Toronto Dominion Bank now owns 197,221 shares of the company’s stock worth $4,519,000 after acquiring an additional 183,490 shares during the last quarter.

Allied Gold Stock Up 0.1%

NYSE:AAUC opened at $20.87 on Wednesday. The business’s 50 day moving average is $24.27 and its two-hundred day moving average is $28.38. Allied Gold Corporation has a 52 week low of $11.40 and a 52 week high of $32.20. The company has a market cap of $2.64 billion and a PE ratio of -20.26.

Allied Gold (NYSE:AAUC) last issued 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 during the quarter. As a group, sell-side analysts expect that Allied Gold Corporation will post 4.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on AAUC shares. Canaccord Genuity Group upgraded Allied Gold from a “hold” rating to a “buy” rating in a research note on Monday, June 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Allied Gold in a research note on Tuesday, July 21st. Finally, Zacks Research downgraded Allied Gold from a “hold” rating to a “strong sell” rating in a report on Monday, July 20th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Allied Gold currently has a consensus rating of “Reduce”.

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.