What is Cormark’s Estimate for Allied Gold FY2025 Earnings?

Allied Gold Corporation (NYSE:AAUC) – Equities research analysts at Cormark boosted their FY2025 earnings estimates for shares of Allied Gold in a research note issued on Monday, October 27th. Cormark analyst N. Dion now forecasts that the company will post earnings per share of $1.29 for the year, up from their prior forecast of $1.20. Cormark has a “Moderate Buy” rating on the stock. Cormark also issued estimates for Allied Gold’s FY2026 earnings at $3.57 EPS.

A number of other brokerages have also weighed in on AAUC. Zacks Research raised shares of Allied Gold from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Wall Street Zen lowered shares of Allied Gold from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Allied Gold Price Performance

Shares of AAUC opened at $17.25 on Tuesday. The company’s 50-day moving average is $16.40. The company has a market cap of $2.10 billion and a price-to-earnings ratio of -26.96. Allied Gold has a 1-year low of $6.37 and a 1-year high of $20.49.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AAUC. Bank of America Corp DE purchased a new position in Allied Gold in the second quarter worth about $13,169,000. Orion Resource Partners LP purchased a new position in Allied Gold in the second quarter worth about $103,634,000. Finally, Tower Research Capital LLC TRC purchased a new position in Allied Gold in the second quarter worth about $127,000.

Allied Gold Company Profile

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.