Allied Gold Corporation (TSE:AAUC)
TSX:AAUC
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Allied Gold Corporation
(TSX:AAUC)
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Rating:54Neutral
Price Target:
C$42.00
▼(-3.89% Downside)
Action:ReiteratedDate:04/30/26
The score is driven mainly by improving 2025 operating performance and better cash generation with manageable leverage, but it is held back by continued net losses/negative ROE and volatile free cash flow. Technicals are weak (negative MACD and very low RSI, with the price below key short-term averages), and valuation remains constrained due to negative earnings and no dividend yield provided.
Positive Factors
Improved 2025 operating performance
Sustained margin expansion and stronger operating results increase cash generation potential and operating leverage. Over 2–6 months this supports reinvestment into mines, funds sustaining capex, and reduces near-term refinancing pressure, improving the durability of operations.
Negative Factors
Persistent net losses and negative ROE
Ongoing bottom-line losses and negative ROE indicate underlying profitability issues beyond operating margins, limiting retained earnings and the company’s ability to generate shareholder returns. This risks future dilution or constrained capital returns until sustained profitability is achieved.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved 2025 operating performance
Sustained margin expansion and stronger operating results increase cash generation potential and operating leverage. Over 2–6 months this supports reinvestment into mines, funds sustaining capex, and reduces near-term refinancing pressure, improving the durability of operations.
Read all positive factors
Allied Gold Corporation (AAUC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.10B
Dividend YieldN/A
Average Volume (3M)1.34M
Price to Earnings (P/E)―
Beta (1Y)1.67
Revenue Growth86.30%
EPS Growth67.92%
CountryCA
Employees2,252
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.52
Shares Outstanding124,737,220
10 Day Avg. Volume1,443,490
30 Day Avg. Volume1,344,207
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)5.76
Revenue Forecast (FY)C$2.32B
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
Allied Gold primarily makes money by producing and selling gold (and, where applicable, associated by-products) from its mining operations. Revenue is generally generated when gold doré or refined gold is delivered to buyers, with sales typically ...
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
58
Neutral
Balance Sheet
66
Positive
Cash Flow
61
Positive
| 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
Positive
43.70
Price Trends
43.02
Positive
38.80
Positive
29.96
Positive
Market Momentum
0.28
Positive
71.28
Negative
83.60
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AAUC, the sentiment is Positive. The current price of 43.7 is above the 20-day moving average (MA) of 43.28, above the 50-day MA of 43.02, and above the 200-day MA of 29.96, indicating a bullish trend. The MACD of 0.28 indicates Positive momentum. The RSI at 71.28 is Negative, neither overbought nor oversold. The STOCH value of 83.60 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
83 Outperform | C$3.83B | 7.30 | 44.53% | ― | 63.80% | 156.59% | |
80 Outperform | C$6.34B | 13.22 | 41.72% | ― | 72.71% | 141.79% | |
73 Outperform | C$5.73B | 6.60 | 20.98% | ― | 18.87% | 192.74% | |
73 Outperform | C$4.91B | 11.36 | 32.55% | 1.36% | 28.75% | 1404.48% | |
71 Outperform | C$9.23B | 6.04 | 19.55% | ― | 73.38% | 169.61% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | C$5.10B | -27.97 | -14.15% | ― | 86.30% | 67.92% |
* Basic Materials Sector Average
TSE:AAUC
Allied Gold Corporation
39.94
22.48
128.75%
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50.73%
TSE:TXG
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47.52%
TSE:CG
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24.24
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150.59%
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.