AAPL

TSLA

AMZN

META

AMD

NVDA

PEP

COST

ADBE

GOOG

AMGN

HON

INTC

INTU

NFLX

ADP

SBUX

MRNA

Markets

AAUC

Allied Gold Stock Has Soared 150%. One Fund Has Taken a Nearly 8% Portfolio Stake

May 14, 2026 — 07:50 pm EDT

Written by

Jonathan Ponciano for

The Motley Fool->

Key Points

- PSquared bought 740,000 shares of Allied Gold in the first quarter; the estimated trade size was $22.36 million based on quarterly average pricing.

- The quarter-end stake value rose by $22.90 million, reflecting the new investment.

- The position added 7.78% to PSquared’s 13F reportable assets under management.

- 10 stocks we like better than Allied Gold ›

On May 14, 2026, PSquared Asset Management AG disclosed a new position in Allied Gold (NYSE:AAUC), acquiring 740,000 shares in an estimated $22.36 million trade based on quarterly average pricing.

What happened

According to a Securities and Exchange Commission (SEC) filing dated May 14, 2026, PSquared Asset Management AG initiated a new position in Allied Gold by acquiring 740,000 shares. The estimated value of the purchase was $22.36 million, calculated using the average closing price for the first quarter of 2026. The quarter-end value of the position was $22.90 million, reflecting the new investment.

What else to know

- This was a new position for PSquared, amounting to 7.97% of its reportable assets as of the March 2026 quarter-end.

- Top five holdings after the filing:- NASDAQ: WBD: $45.67 million (15.9% of AUM)

- NYSE: IHS: $35.75 million (12.4% of AUM)

- NYSEMKT: SLSR: $35.26 million (12.3% of AUM)

- NASDAQ: HOLX: $30.68 million (10.7% of AUM)

- NYSE: NSC: $27.66 million (9.6% of AUM)

- As of May 13, 2026, shares of Allied Gold were priced at $29.51, up over 150% over the past year and outperforming the S&P 500 by about 125 percentage points.

Company overview

MetricValueMarket capitalization$3.7 billionRevenue (TTM)$1.33 billionNet income (TTM)($51.85 million)Price (as of market close May 13, 2026)$29.51Company snapshot

- Allied Gold produces and explores gold and silver ores, with principal revenue generated from mining operations at the Sadiola project in Mali and additional mines in Côte d'Ivoire and Ethiopia.

- The firm operates an integrated mining business model focused on exploration, extraction, and sale of precious metals, leveraging open-pit mining and processing infrastructure.

- It serves global commodity markets, with customers including gold refiners and international trading entities.

Allied Gold is a Toronto-based gold producer with a diversified portfolio of mining assets across Africa. Its operations span multiple countries and focus on established gold districts.

What this transaction means for investors

This purchase ultimately looks like a bet that Allied Gold is evolving from a risky mining roll-up into a more scaled, cash-generating producer. The timing is notable because the company is simultaneously ramping production, advancing a major expansion pipeline, and moving toward a proposed acquisition by Zijin Gold, and of course, shares have absolutely skyrocketed alongside other metals stocks.

Allied produced 96,016 ounces of gold in the first quarter, up 14% from a year earlier, while revenue climbed to $394.1 million. Adjusted EBITDA reached $173.3 million, and the company ended the quarter with $424.2 million in cash. The biggest long-term driver may be Kurmuk in Ethiopia, where gold production is expected to begin in mid-2026. Management says the project could eventually produce roughly 290,000 ounces annually during its first four years at all-in sustaining costs below $950 per ounce.

Still, the risk remains in execution across several African jurisdictions where political instability, permitting, and currency swings can quickly change the story. Long-term investors should keep that in mind.

Should you buy stock in Allied Gold right now?

Before you buy stock in Allied Gold, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Allied Gold wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $472,205!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,384,459!*

Now, it’s worth noting Stock Advisor’s total average return is 999% — a market-crushing outperformance compared to 208% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors