In a report released today, Nicolas Dion from Cormark Securities maintained a Buy rating on Allied Gold Corporation, with a price target of C$33.00. The company’s shares opened today at C$24.95.
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Dion covers the Basic Materials sector, focusing on stocks such as Silvercorp Metals, Americas Gold and Silver, and Allied Gold Corporation. According to TipRanks, Dion has an average return of 31.3% and a 75.00% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Allied Gold Corporation with a C$27.40 average price target.
AAUC market cap is currently C$2.82B and has a P/E ratio of -12.29.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AAUC in relation to earlier this year.
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