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← CockpitCompetitor Analysis › AAUC.TO Allied Gold CorporationOpen in the cockpit ↗

Allied Gold CorporationAAUC.TOCompetitor analysis, valuation and peers

Canada · CAD·Materials›Precious Metals

Operates and develops gold mines across West and East Africa, including Sadiola, Agbaou and Kurmuk.

Momentum strong 62
Mkt cap
$3.24B
US dollars, full cap
Free float
83%
of shares outstanding
$/day
$14.2M
20-day average traded
Fwd P/E
3.9×
forward earnings
ROIC−WACC
+37.9 pp
WACC 7.7%
Hurdle
n/a
no reverse DCF
Next earnings
145 days
31 Mar 2027
Close · CADC$32.54
1D+6.8%
1W+23.8%
1M+16.5%
3M+6.7%
6M-18.5%
YTD+3.5%
1Y+52.5%
ATR %4.3%
52w lowhigh25.7% off high

What Allied Gold does

Operates and develops gold mines across West and East Africa, including Sadiola, Agbaou and Kurmuk.

Sells gold to refiners at the market price, so earnings follow the gold price and ounces produced. Output is concentrated in West Africa, where government agreements and royalties matter. Kurmuk in Ethiopia is the project meant to add a third producing site.

Products and services

  • Sadiola gold mine, Mali
  • Agbaou/Bonikro mines, Cote d'Ivoire
  • Kurmuk development project, Ethiopia

Customers

  • Gold refiners and traders

Where it sits in the supply chain

  • Precious metals
  • Gold mining
  • Multi-country African operator

What could go right

  • Gold price strength
  • Kurmuk adding significant new production

What could go wrong

  • West/East Africa political and security risk (Mali, Ethiopia)
  • Construction execution risk at Kurmuk

Moat: narrow (installed base, regulatory licence). Diversified African gold portfolio with an under-construction growth project adding scale.

Headquarters: Vancouver, Canada · Employees: 7,834

Named competitors

Allied Gold at a glance

Size Allied Gold (AAUC.TO) is a Canada Materials company (Precious Metals) with a market value of $3.24B, the 152nd largest of 420 Canada companies the cockpit tracks. Shares closed at C$32.54 on 6 Nov 2026.

Performance Over six months the shares fell 18.5%, against -6.3% for the median peer and +5.2% for the Canada market (cap-weighted) — 8th lowest of 21 in its peer set.

Growth Revenue grew 53.8% over the last twelve months (peer median +49.5%); the operating margin is 32.1% (peer median 46.3%).

Valuation It trades at 3.9× forward earnings against a peer median of 8.7× (cheapest of 15).

Capital Return on invested capital runs 37.9 points above its cost of capital (7.7% WACC).

Next results Next results expected around 31 Mar 2027 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 91AAUC.TO 81
Six months, rebased to 100: Allied Gold against the median of its 20 peers (local-currency closes).

Allied Gold financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$2.07BC$1.86BC$1.00BC$885MC$872M
Revenue growth—+86%+13%+2%—
Gross profitC$883MC$678MC$261MC$134MC$164M
EBITDAC$766MC$617MC$212MC$119MC$177M
Net income-C$86.1M-C$72.4M-C$158M-C$281M-C$9.66M
Free cash flow-C$150MC$147M-C$94.4M-C$76.8M-C$3.04M
Capital expenditureC$677MC$591MC$255MC$127MC$139M
Total debtC$277MC$233MC$161MC$136MC$72.5M

Quarterly statements and history in the cockpit →

Allied Gold competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%0%+20%-10%0%+10%ARIS601069HOCPDIEMRRRL3330WDOWGXFVISEAAYANGWAFSKE001337VAUCGPPTAAAUC.TO6-month return →1-month return →
Up and to the right = strong over both horizons. Allied Gold is the large dot.

Fundamentals: revenue growth against valuation

0%+100%+200%5×10×15×20×ARIS601069HOCEMRRRL3330WDOWGXFVIAYAPAFWAFVAUCGAAUC.TORevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Allied Gold is the large dot.

Allied Gold competitors and peer comparison

Head to head with its named competitors (AAUC.TO vs EDV.TO vs BTO.TO vs FVI.TO)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Allied Gold AAUC.TO$3.24B-19%+54%32%3.9×n/a
Endeavour Mining EDV.TO$13.7B-10%+27%47%9.3×-6.5%
B2Gold BTO.TO$7.19B+13%+72%46%6.1×-7.0%
Fortuna Mining FVI.TO$2.87B-5%+6%49%6.4×-4.6%
Perseus Mining PRU.AX$5.77B+11%+13%48%11.8×-1.1%

How Allied Gold compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Allied Gold against its 20 peers (data as of 6 Nov 2026)
MeasureAAUC.TOPeer medianRank in peer set
1-month return+16.5%-1.7%highest of 21
6-month return-18.5%-6.3%8th lowest of 21
Distance from 52-week high-25.7%-30.7%9th highest of 21
Revenue growth (TTM)+53.8%+49.5%8th highest of 16
Operating margin32.1%46.3%5th lowest of 16
Forward P/E3.9×8.7×cheapest of 15
ROIC minus cost of capital+37.9 pp+18.9 pp6th highest of 20
EV / EBITDA6.2×5.2×5th most expensive of 14
Net debt / EBITDA0.0×-0.5×3rd most indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Allied Gold AAUC.TOCanada$3.24B-19%+54%32%3.9×n/an/a
Aris Mining ARIS.TOCanada$3.24B-15%+94%46%5.5×2.1%+19.8%
Western Region Gold 601069.SSChina$3.29B-26%+118%n/a11.2×11.7%+19.5%
Hochschild Mining HOC.LUnited Kingdom$3.37B-27%+37%44%9.8×-10.7%+14.1%
Predictive Discovery PDI.AXAustralia$3.08B-13%n/a-28%n/an/an/a
Emerald Resources NL EMR.AXAustralia$3.04B+6%+40%61%15.2×1.5%+26.4%
Regis Resources RRL.AXAustralia$3.49B-3%+43%43%8.5×-9.5%+23.5%
Lingbao Gold 3330.HKHong Kong$2.94B-28%-10%22%8.0×-5.6%+17.8%
Wesdome Gold Mines WDO.TOCanada$2.92B+6%+49%57%7.8×-10.7%+33.5%
Westgold Resources WGX.AXAustralia$3.64B-2%+79%32%8.8×-7.6%+33.7%
Fortuna Mining FVI.TOCanada$2.87B-5%+6%49%6.4×-4.6%+29.0%
Seabridge Gold SEA.TOCanada$2.87B-8%n/an/an/an/an/a
Aya Gold & Silver AYA.TOCanada$3.68B+40%+265%53%19.2×17.9%+72.4%
Novagold Resources NGUnited States$2.81B-27%n/an/an/an/an/a
Pan African Resources PAF.LUnited Kingdom$3.79B-25%+106%54%7.2×-6.7%+25.7%
West African Resources WAF.AXAustralia$2.74B+4%+194%57%4.4×-18.5%+37.7%
Skeena Resources SKE.TOCanada$3.90B+6%n/an/an/an/an/a
Sichuan Gold 001337.SZChina$2.52B-25%+57%56%n/a17.7%+13.6%
Vault Minerals VAU.AXAustralia$4.19B+21%+35%33%13.0×-0.1%+59.0%
Centerra Gold CG.TOCanada$4.25B+27%+44%27%12.4×6.5%+13.9%
Perpetua Resources PPTAUnited States$2.44B-35%n/an/an/an/an/a

Questions

Who are Allied Gold's main competitors?
Named competitors: Endeavour Mining (EDV.TO), B2Gold (BTO.TO), Fortuna Mining (FVI.TO), Perseus Mining (PRU.AX). The cockpit's measured peer set (industry) also includes Aris Mining (ARIS.TO), Western Region Gold (601069.SS), Hochschild Mining (HOC.L), Predictive Discovery (PDI.AX), Emerald Resources NL (EMR.AX), Regis Resources (RRL.AX).
Is Allied Gold expensive compared with its peers?
On forward p/e it trades at 3.9× against a peer median of 8.7×, cheapest of 15 in its peer set.
How has Allied Gold stock performed?
Over six months to 6 Nov 2026 the shares returned -18.5% against -6.3% for the median peer; over one year +52.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.