Allied Gold Corporation (TSE:AAUC)
TSX:AAUC
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Allied Gold Corporation
(TSX:AAUC)
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Rating:56Neutral
Price Target:
C$44.00
▲(3.09% Upside)
Action:ReiteratedDate:01/24/26
The score is held back primarily by weak profitability and deteriorating free cash flow despite strong revenue growth and manageable leverage. Offsetting this, the latest earnings call was constructive with reaffirmed production guidance, strong operating cash flow, improving costs, and a solid cash position. Technically, the trend is positive, but very overbought momentum indicators increase near-term pullback risk; valuation is also pressured by losses and a negative P/E.
Positive Factors
Revenue Growth
Sustained 24% TTM revenue growth indicates expanding production and sales capacity rather than a transient spike. Over the next 2–6 months this revenue trajectory can support scale benefits, stabilize operations, and provide a foundation for funding ongoing mine expansions.
Negative Factors
Weak Profitability
Negative net margins and near-breakeven EBIT reflect that revenue growth has not yet translated into durable profitability. Persistently low margins erode returns and make funding future expansions and dividends reliant on continued cost improvements or higher metal prices.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained 24% TTM revenue growth indicates expanding production and sales capacity rather than a transient spike. Over the next 2–6 months this revenue trajectory can support scale benefits, stabilize operations, and provide a foundation for funding ongoing mine expansions.
Read all positive factors
Allied Gold Corporation (AAUC) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$5.31B
Dividend YieldN/A
Average Volume (3M)1.34M
Price to Earnings (P/E)―
Beta (1Y)1.85
Revenue Growth49.65%
EPS Growth71.84%
CountryCA
Employees2,252
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)0.40
Shares Outstanding124,045,550
10 Day Avg. Volume1,443,490
30 Day Avg. Volume1,344,207
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)1.84
Price to Sales (P/S)0.87
P/FCF Ratio-7.60
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 Upside3.09% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)5.32
Revenue Forecast (FY)C$2.15B
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 Corporation generates revenue primarily through the extraction and sale of gold. The company operates several gold mines and exploration projects, which contribute to its production output. Revenue is primarily derived from selling gol...
Allied Gold Corporation Earnings Call Summary
Earnings Call Date:Nov 05, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 31, 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
55
Neutral
Balance Sheet
45
Neutral
Cash Flow
40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 1.07B | 730.38M | 655.69M | 669.55M |
| Gross Profit | 358.72M | 220.23M | 106.79M | 129.40M |
| EBITDA | 213.50M | 40.01M | -131.49M | 117.99M |
| Net Income | -38.26M | -115.63M | -208.48M | -7.42M |
Balance Sheet | ||||
| Total Assets | 1.68B | 1.32B | 956.29M | 659.00M |
| Cash, Cash Equivalents and Short-Term Investments | 261.63M | 224.99M | 158.64M | 45.16M |
| Total Debt | 138.44M | 127.58M | 103.46M | 53.53M |
| Total Liabilities | 1.26B | 903.56M | 575.25M | 547.63M |
| Stockholders Equity | 330.70M | 345.76M | 299.91M | 45.31M |
Cash Flow | ||||
| Free Cash Flow | -32.10M | -83.86M | -51.03M | 6.12M |
| Operating Cash Flow | 376.86M | 109.55M | 19.76M | 83.72M |
| Investing Cash Flow | -411.63M | -193.41M | -95.52M | -38.34M |
| Financing Cash Flow | 206.40M | 152.50M | 193.46M | -47.85M |
Allied Gold Corporation Technical Analysis
Neutral
42.68
Price Trends
42.14
Positive
35.07
Positive
27.81
Positive
Market Momentum
0.27
Positive
55.21
Neutral
52.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AAUC, the sentiment is Neutral. The current price of 42.68 is below the 20-day moving average (MA) of 42.87, above the 50-day MA of 42.14, and above the 200-day MA of 27.81, indicating a neutral trend. The MACD of 0.27 indicates Positive momentum. The RSI at 55.21 is Neutral, neither overbought nor oversold. The STOCH value of 52.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
81 Outperform | C$3.25B | 9.79 | 41.65% | ― | 69.33% | 253.46% | |
80 Outperform | C$5.46B | 14.52 | 46.21% | ― | 81.13% | 234.33% | |
74 Outperform | C$6.77B | 11.03 | 12.03% | ― | 33.74% | ― | |
69 Neutral | C$5.43B | 10.24 | 20.98% | ― | 5.33% | 143.67% | |
67 Neutral | C$4.50B | 4.96 | 31.90% | 1.36% | 3.93% | 247.84% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$5.31B | -28.57 | -14.04% | ― | 49.65% | 71.84% |
* Basic Materials Sector Average
TSE:AAUC
Allied Gold Corporation
42.81
28.59
201.05%
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33.35%
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Allied Gold Corporation Corporate Events
Business Operations and StrategyFinancial Disclosures
Allied Gold Ramps Up Sadiola Expansion as Quarterly Output Climbs
Positive
Dec 21, 2025
Allied Gold Corporation has begun processing ore through the new fresh ore comminution circuit at the Phase 1 expansion of its Sadiola mine in Mali, a key step in its strategy to boost production, lower costs and increase cash flows from this long...
Business Operations and Strategy
Allied Gold Advances Exploration at Kurmuk Mine
Positive
Nov 27, 2025
Allied Gold Corporation has reported significant advancements in its exploration activities at the Kurmuk mine in western Ethiopia. The company aims to extend the mine’s life and sustain high production levels, with a target of reaching 5 mi...
Business Operations and StrategyFinancial Disclosures
Allied Gold Reports Strong Q3 2025 Results and Optimistic Outlook
Positive
Nov 5, 2025
Allied Gold Corporation reported its third-quarter results for 2025, showcasing a solid performance with 87,020 ounces of gold produced and 92,099 ounces sold. The company is on track for improved production in the fourth quarter, driven by higher...
Business Operations and Strategy
Allied Gold Reports Significant Exploration Success at Sadiola Mine
Positive
Oct 29, 2025
Allied Gold Corporation has announced promising exploration results from its Sadiola Mine in Mali, highlighting continued resource expansion and discovery in a world-class gold mineralized system. The company is executing a two-phased expansion pl...
Business Operations and StrategyPrivate Placements and Financing
Allied Gold Secures C$175 Million for Expansion and Growth
Positive
Oct 24, 2025
Allied Gold Corporation has successfully closed a C$175 million overnight marketed equity offering, issuing 6.4 million common shares at C$27.35 each. The proceeds will be used to fund optimization and growth initiatives, including infrastructure ...
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.