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An update from Allied Gold Corporation ( (TSE:AAUC) ) is now available.
Allied Gold Corporation has announced the pricing and terms of its overnight marketed underwritten offering of 6,400,000 common shares at C$27.35 per share, aiming to raise approximately C$175 million. The proceeds will be used to fund optimization and growth initiatives, including infrastructure development at Sadiola, plant modifications at Kurmuk, transitioning to owner mining, and general corporate purposes, enhancing the company’s efficiency, productivity, and profitability.
The most recent analyst rating on (TSE:AAUC) stock is a Buy with a C$39.00 price target. To see the full list of analyst forecasts on Allied Gold Corporation stock, see the TSE:AAUC Stock Forecast page.
Spark’s Take on TSE:AAUC Stock
According to Spark, TipRanks’ AI Analyst, TSE:AAUC is a Neutral.
Allied Gold Corporation’s stock score is primarily influenced by its financial performance, which shows revenue growth but significant profitability challenges. Technical analysis suggests neutral momentum, while valuation is hindered by a negative P/E ratio. The absence of earnings call data and corporate events limits further insights.
To see Spark’s full report on TSE:AAUC stock, click here.
More about Allied Gold Corporation
Allied Gold Corporation is a Canadian-based gold producer with a significant growth profile and mineral endowment. It operates a portfolio of three producing assets and development projects located in Côte d’Ivoire.
Average Trading Volume: 537,173
Technical Sentiment Signal: Buy
Current Market Cap: C$3.32B
Learn more about AAUC stock on TipRanks’ Stock Analysis page.