Allied Gold (NYSE:AAUC – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Thursday.
Allied Gold Stock Performance
NYSE AAUC opened at $12.24 on Thursday. Allied Gold has a 12-month low of $6.09 and a 12-month high of $15.78.
Institutional Investors Weigh In On Allied Gold
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new position in shares of Allied Gold during the second quarter worth about $127,000. Bank of America Corp DE purchased a new position in shares of Allied Gold during the second quarter worth about $13,169,000. Finally, Orion Resource Partners LP purchased a new position in shares of Allied Gold during the second quarter worth about $103,634,000.
About Allied Gold
Allied Gold Corporation is a gold producer. It operates a portfolio of producing assets and development projects located principally in Cote d’Ivoire, Mali and Ethiopia. Allied Gold Corporation is based in Canada.
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