Allied Gold (NYSE:AAUC) Stock Rating Lowered by Canaccord Genuity Group

Allied Gold (NYSE:AAUC) was downgraded by research analysts at Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

AAUC has been the subject of several other research reports. Zacks Research cut shares of Allied Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings initiated coverage on Allied Gold in a research report on Thursday, October 30th. They issued a “sell (d-)” rating for the company. Finally, Stifel Nicolaus raised Allied Gold to a “strong-buy” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Allied Gold currently has an average rating of “Hold”.

Allied Gold Stock Up 0.4%

AAUC opened at $31.74 on Monday. The firm has a fifty day moving average price of $23.68. The stock has a market capitalization of $3.96 billion and a PE ratio of -88.15. Allied Gold has a fifty-two week low of $8.04 and a fifty-two week high of $31.91.

Allied Gold (NYSE:AAUC) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.18). Allied Gold had a negative net margin of 3.58% and a positive return on equity of 24.32%.

Hedge Funds Weigh In On Allied Gold

Several hedge funds and other institutional investors have recently made changes to their positions in AAUC. Tower Research Capital LLC TRC acquired a new stake in Allied Gold in the second quarter valued at $127,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Allied Gold by 54.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,998 shares of the company’s stock valued at $280,000 after acquiring an additional 5,627 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Allied Gold by 11.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 20,790 shares of the company’s stock valued at $363,000 after acquiring an additional 2,214 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Allied Gold during the 3rd quarter worth about $366,000. Finally, Cibc World Market Inc. lifted its stake in Allied Gold by 54.4% during the third quarter. Cibc World Market Inc. now owns 22,690 shares of the company’s stock worth $396,000 after purchasing an additional 7,991 shares during the last quarter.

Key Allied Gold News

Here are the key news stories impacting Allied Gold this week:

• Positive Sentiment: Allied agreed to be acquired by Zijin Gold International in a friendly all-cash deal valued at C$5.5 billion (roughly US$4.0B), driving strong buyer interest and lifting the stock toward its 52-week highs. Allied Gold to be Acquired by Zijin Gold International
• Positive Sentiment: Media coverage of the deal (WSJ, Globe and Mail, Mining.com) reported the same buyout and framed it as a near-term cash exit for shareholders, which pushed Allied and related miners to record or multi‑year highs. Allied Gold Agreed to $4 Billion Buyout
• Positive Sentiment: Market reaction pieces note Allied and peer stocks reached 52‑week highs and Zijin’s shares also rallied on the announced acquisition plans, signaling investor acceptance of the transaction premium. Zijin Mining Shares Hit Record High
• Neutral Sentiment: Analysts and sector writers updated coverage and commentary on the gold-mining group following the deal announcement; these pieces summarize company fundamentals and transaction context but don’t change the deal terms. Allied Gold Coverage Update
• Negative Sentiment: Canaccord Genuity downgraded Allied from “strong-buy” to “hold,” signalling some analyst caution on upside beyond the deal price or on near-term outlook; that downgrade could cap further upward momentum among institutional buyers. Canaccord Downgrade Report

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.