Allied Gold Stock Has Soared 150%. One Fund Has Taken a Nearly 8% Portfolio Stake
2026-05-14 19:50:36 ET
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.
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.
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.
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