Samson Rock Capital LLP Sells 1,275,000 Shares of Allied Gold Corporation $AAUC

Samson Rock Capital LLP trimmed its stake in Allied Gold Corporation (NYSE:AAUC) by 89.5% in the second quarter, Holdings Channel.com reports. The firm owned 150,000 shares of the company’s stock after selling 1,275,000 shares during the quarter. Allied Gold comprises about 7.8% of Samson Rock Capital LLP’s portfolio, making the stock its 3rd largest position. Samson Rock Capital LLP’s holdings in Allied Gold were worth $3,563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Orion Resource Partners LP purchased a new position in Allied Gold during the second quarter worth approximately $103,634,000. UBS Group AG grew its stake in shares of Allied Gold by 3,921.0% during the 4th quarter. UBS Group AG now owns 4,042,883 shares of the company’s stock valued at $92,501,000 after buying an additional 3,942,340 shares during the period. Helikon Investments Ltd increased its holdings in shares of Allied Gold by 12.0% during the 4th quarter. Helikon Investments Ltd now owns 16,498,498 shares of the company’s stock worth $377,486,000 after buying an additional 1,761,864 shares during the last quarter. Absolute Gestao de Investimentos Ltda. acquired a new stake in shares of Allied Gold during the 1st quarter worth $51,353,000. Finally, L1 Capital Pty Ltd purchased a new position in shares of Allied Gold in the 4th quarter worth $33,826,000.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. National Bank Financial cut Allied Gold to a “hold” rating in a report on Wednesday. Zacks Research lowered Allied Gold from a “hold” rating to a “strong sell” rating in a research note on Monday, July 20th. Stifel Nicolaus upgraded Allied Gold from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Allied Gold in a research note on Tuesday, July 21st. Finally, Canadian Imperial Bank of Commerce upgraded Allied Gold to an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Allied Gold currently has an average rating of “Hold”.

Allied Gold Price Performance

Shares of AAUC opened at $18.18 on Monday. The stock’s 50-day moving average is $23.72 and its two-hundred day moving average is $28.22. The stock has a market cap of $2.30 billion, a PE ratio of -17.65 and a beta of -0.20. Allied Gold Corporation has a 12 month low of $11.40 and a 12 month high of $32.20.

Allied Gold (NYSE:AAUC) last issued its earnings results 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). Allied Gold had a positive return on equity of 36.56% and a negative net margin of 9.08%.The company had revenue of $394.11 million during the quarter. On average, research analysts anticipate that Allied Gold Corporation will post 3.65 earnings per share for the current year.

Allied Gold Profile

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.