Allied Gold Announces Share Consolidation Ahead of NYSE Listing

Allied Gold Corporation ( (TSE:AAUC) ) has issued an update.

Allied Gold Corporation has announced a share consolidation as part of its plan to list on the New York Stock Exchange. This move, approved by shareholders, involves consolidating shares on a 1-for-3 basis to facilitate the NYSE listing expected by mid-June 2025. The consolidation is also conditionally approved by the Toronto Stock Exchange, with post-consolidation shares set to trade under a new CUSIP and ISIN. This strategic step is anticipated to enhance Allied Gold’s market presence and operational capabilities, aligning with its growth ambitions in the gold production industry.

The most recent analyst rating on (TSE:AAUC) stock is a Buy with a C$8.0000 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 scores a 65, driven by strong revenue growth, positive technical indicators, and beneficial corporate events. However, challenges with profitability and liquidity, along with valuation concerns, temper the score. The company’s strategic initiatives show promise for future growth, but financial stability needs addressing to boost investor confidence.

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, Mali, and Ethiopia. The company aims to become a mid-tier, next-generation gold producer in Africa and ultimately a leading senior global gold producer.

Average Trading Volume: 841,607

Technical Sentiment Signal: Buy

Current Market Cap: C$1.98B

See more data about AAUC stock on TipRanks’ Stock Analysis page.