Allegiant Gold Announces Share Consolidation Effective June 2025

Allegiant Gold ( (TSE:AUAU) ) has provided an announcement.

Allegiant Gold Ltd. announced a share consolidation, effective June 2, 2025, where common shares will be consolidated on a one-for-two basis, reducing the number of shares from approximately 106 million to 53 million. This move, approved by the board without requiring shareholder consent, aims to streamline the company’s share structure without altering shareholders’ relative equity interests, potentially impacting market perception and trading dynamics.

The most recent analyst rating on (TSE:AUAU) stock is a Buy with a C$0.50 price target. To see the full list of analyst forecasts on Allegiant Gold stock, see the TSE:AUAU Stock Forecast page.

Spark’s Take on TSE:AUAU Stock

According to Spark, TipRanks’ AI Analyst, TSE:AUAU is a Underperform.

Allegiant Gold faces significant financial challenges with ongoing losses and negative cash flow, despite a strong balance sheet. Technical analysis points to a bearish trend, while valuation concerns are evident from a negative P/E ratio. However, positive corporate events, such as strategic initiatives and board changes, offer some potential for improvement. Overall, the stock is rated low due to financial performance and valuation issues, with a modest score reflecting these challenges.

To see Spark’s full report on TSE:AUAU stock, click here.

More about Allegiant Gold

Allegiant Gold Ltd. is a mining company that owns five highly prospective gold projects in the United States, all located in Nevada, a mining-friendly jurisdiction. The company’s flagship project, Eastside, hosts a large and expanding gold resource with promising metallurgical testing results indicating suitability for heap leaching.

Average Trading Volume: 69,643

Technical Sentiment Signal: Sell

Current Market Cap: C$10.61M

Find detailed analytics on AUAU stock on TipRanks’ Stock Analysis page.