TD Asset Management Inc Has $9.11 Million Stake in Allied Gold Corporation $AAUC

TD Asset Management Inc lifted its position in shares of Allied Gold Corporation (NYSE:AAUC) by 84.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 397,032 shares of the company’s stock after buying an additional 181,921 shares during the period. TD Asset Management Inc’s holdings in Allied Gold were worth $9,109,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AAUC. Global Retirement Partners LLC acquired a new position in Allied Gold during the fourth quarter worth $34,000. Tower Research Capital LLC TRC acquired a new stake in Allied Gold in the 2nd quarter valued at $127,000. Pictet Asset Management Holding SA lifted its position in Allied Gold by 31.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 14,682 shares of the company’s stock worth $337,000 after buying an additional 3,484 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Allied Gold by 54.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,998 shares of the company’s stock worth $280,000 after buying an additional 5,627 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Allied Gold during the 4th quarter worth about $429,000.

Allied Gold Price Performance

NYSE:AAUC opened at $25.49 on Wednesday. The company has a market cap of $3.23 billion and a P/E ratio of -24.75. Allied Gold Corporation has a one year low of $11.40 and a one year high of $32.20. The firm’s fifty day moving average price is $29.36 and its two-hundred day moving average price is $28.06.

Allied Gold (NYSE:AAUC) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). The business had revenue of $394.11 million during the quarter. Allied Gold had a positive return on equity of 36.56% and a negative net margin of 9.08%. As a group, equities research analysts expect that Allied Gold Corporation will post 5.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Zacks Research raised Allied Gold from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Canaccord Genuity Group upgraded 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 research report on Friday, April 24th. Finally, Stifel Nicolaus cut shares of Allied Gold from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Allied Gold 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.