Allied Gold Corporation (TSE:AAUC)
TSX:AAUC
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Allied Gold Corporation
(TSX:AAUC)
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Rating:51Neutral
Price Target:
C$40.00
▼(-8.47% Downside)
Action:Reiterated
Date:05/15/26
The score is held up by improving fundamentals and much stronger operating cash generation, but is weighed down by continued net losses/negative ROE and weakening free cash flow versus the latest annual period. Technical indicators add further pressure, with bearish near-term momentum and the stock trading below key short-to-medium moving averages; valuation is also constrained by a negative P/E and no stated dividend yield.
Positive Factors
Revenue and margin recovery
Sustained revenue expansion combined with materially improved operating margins shows the core mining operations are scaling and extracting more value per unit sold. This durable improvement supports reinvestment capacity and operating leverage, improving the odds of converting higher top-line into lasting profitability over months.
Negative Factors
Persistent net losses and negative ROE
Ongoing net losses and negative returns on equity mean shareholder capital has yet to generate sustainable profits. Persisting losses erode equity, constrain dividends or buybacks, and limit investor confidence; if losses continue, management may need recurring external funding, diluting long-term shareholder value.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and margin recovery
Sustained revenue expansion combined with materially improved operating margins shows the core mining operations are scaling and extracting more value per unit sold. This durable improvement supports reinvestment capacity and operating leverage, improving the odds of converting higher top-line into lasting profitability over months.
Read all positive factors
Allied Gold Corporation (AAUC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$4.65B
Dividend YieldN/A
Average Volume (3M)1.20M
Price to Earnings (P/E)―
Beta (1Y)1.67
Revenue Growth51.21%
EPS Growth7.83%
CountryCA
Employees2,252
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-1.03
Shares Outstanding124,737,220
10 Day Avg. Volume1,569,836
30 Day Avg. Volume1,195,849
Financial Highlights & Ratios
PEG Ratio0.78
Price to Book (P/B)6.47
Price to Sales (P/S)1.98
P/FCF Ratio32.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$44.00Price Target Upside0.69% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)5.04
Revenue Forecast (FY)C$2.39B
Allied Gold Corporation Business Overview & Revenue Model
Company Description
Allied Gold Corporation operates as a gold producer and explorer in Africa. Its flagship project is the Sadiola Gold Project, an open pit mine located in Western Mali, West Africa. Allied Gold Corporation is based in Toronto, Canada....
How the Company Makes Money
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Allied Gold Corporation Earnings Call Summary
Earnings Call Date:Nov 05, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The earnings call for Allied Gold demonstrates a strong operational performance in the third quarter, with significant progress on key projects and an optimistic outlook for the future. Despite geopolitical risks in Mali and the impact of higher gold prices on costs, the company's robust cash generation, successful project expansions, and anticipated improvements in production and costs in the coming quarters contribute to a positive sentiment overall.Positive Updates
Strong Q3 Operational Performance
Q3 saw solid production of just over 87,000 ounces, strong cash generation with just under $110 million of adjusted EBITDA, and operating cash flow of nearly $200 million.
Negative Updates
Geopolitical Risks in Mali
Challenges in Mali due to recent fuel supply disruptions and potential for civil unrest, although these issues are currently not impacting the mines directly.
Read all updates
Q3-2025 Updates
Positive
Negative
Strong Q3 Operational Performance
Q3 saw solid production of just over 87,000 ounces, strong cash generation with just under $110 million of adjusted EBITDA, and operating cash flow of nearly $200 million.
Read all positive updates
Company Guidance
In the recent conference call, Allied Gold provided an optimistic outlook for the upcoming fiscal quarter and beyond, with several key metrics highlighted. The company reported a solid Q3 production of over 87,000 ounces, setting a strong foundation for Q4, where they anticipate a notable increase of up to 40% in production at Sadiola and Bonikro. Financially, Allied Gold achieved an adjusted EBITDA of just under $110 million and an operating cash flow nearing $200 million. The all-in sustaining costs were reported at $2,092 per ounce, reflecting an 11% decrease from the previous quarter. The company holds a cash balance of over $262 million, positioning it well for continued project development. The Sadiola Phase 1 expansion and Kurmuk development are progressing, with Kurmuk expected to commence production by mid-2026. Allied Gold reiterated its guidance for a production level exceeding 375,000 ounces in 2025, aiming for consistent quarterly outputs of 100,000 ounces at improved costs.Allied Gold Corporation Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
62
Positive
Cash Flow
57
Neutral
| Breakdown | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 1.33B | 730.38M | 655.69M | 669.55M |
| Gross Profit | 506.54M | 220.23M | 106.79M | 129.40M |
| EBITDA | 320.85M | 40.01M | -131.49M | 117.99M |
| Net Income | -51.85M | -115.63M | -208.48M | -7.42M |
Balance Sheet | ||||
| Total Assets | 2.12B | 1.32B | 956.29M | 659.00M |
| Cash, Cash Equivalents and Short-Term Investments | 479.78M | 224.99M | 158.64M | 45.16M |
| Total Debt | 169.77M | 127.58M | 103.46M | 53.53M |
| Total Liabilities | 1.62B | 903.56M | 575.25M | 547.63M |
| Stockholders Equity | 407.61M | 345.76M | 299.91M | 45.31M |
Cash Flow | ||||
| Free Cash Flow | 81.91M | -83.86M | -51.03M | 6.12M |
| Operating Cash Flow | 513.98M | 109.55M | 19.76M | 83.72M |
| Investing Cash Flow | -432.07M | -193.41M | -95.52M | -38.34M |
| Financing Cash Flow | 184.86M | 152.50M | 193.46M | -47.85M |
Allied Gold Corporation Technical Analysis
Negative
43.70
Price Trends
41.50
Negative
41.49
Negative
33.04
Positive
Market Momentum
-1.23
Positive
34.25
Neutral
55.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AAUC, the sentiment is Negative. The current price of 43.7 is above the 20-day moving average (MA) of 39.06, above the 50-day MA of 41.50, and above the 200-day MA of 33.04, indicating a neutral trend. The MACD of -1.23 indicates Positive momentum. The RSI at 34.25 is Neutral, neither overbought nor oversold. The STOCH value of 55.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:AAUC.
Allied Gold Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
86 Outperform | C$3.89B | 10.35 | 46.09% | ― | 59.18% | 115.75% | |
85 Outperform | C$5.87B | 14.47 | 42.98% | ― | 55.87% | 71.11% | |
81 Outperform | C$5.68B | 7.62 | 26.78% | ― | 59.11% | 306.31% | |
77 Outperform | C$8.63B | 27.85 | 6.72% | ― | 73.38% | 169.61% | |
75 Outperform | C$4.67B | 5.55 | 32.55% | 1.36% | 28.75% | 1404.48% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | C$4.65B | -25.54 | -34.15% | ― | 51.21% | 7.83% |
* Basic Materials Sector Average
TSE:AAUC
Allied Gold Corporation
34.90
15.24
77.52%
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Allied Gold Corporation Corporate Events
Business Operations and StrategyM&A TransactionsShareholder Meetings
Allied Gold Shareholders Overwhelmingly Back Zijin Gold Arrangement
Positive
Apr 1, 2026
Allied Gold shareholders have overwhelmingly approved a previously announced plan of arrangement with Zijin Gold International, clearing a key hurdle for the proposed transaction. More than 61% of outstanding common shares were represented at the ...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Allied Gold Posts Record Q4 Output as Costs Fall and Growth Projects Advance
Positive
Apr 1, 2026
Allied Gold reported record fourth-quarter 2025 gold output of 117,004 ounces and full-year production of 379,081 ounces, modestly above guidance, as higher grades and throughput at its Sadiola, Bonikro and Agbaou mines drove a 34% jump over the a...
Business Operations and StrategyM&A TransactionsShareholder Meetings
Advisory Firms Back Allied Gold’s C$44-Per-Share Takeover by Zijin
Positive
Mar 19, 2026
Allied Gold Corporation, a Canadian gold producer with operations across West and East Africa, is advancing an ambitious growth strategy to elevate its status in the global gold sector. Its portfolio of producing assets and development projects is...
Business Operations and StrategyFinancial Disclosures
Allied Gold Lifts 2025 Output, Sets Aggressive Growth Path With Kurmuk and Higher Reserves
Positive
Feb 18, 2026
Allied Gold reported preliminary fourth-quarter 2025 production of 117,004 ounces of gold and full-year output of 379,081 ounces, slightly above guidance, with improved all-in sustaining costs estimated at $1,980 per ounce and cash balances of abo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.