Allied Gold: Overdone Sell-Off After The Zijin Takeover Termination

Allied Gold is Africa’s fastest-growing gold producer, guiding rapid production increases through 2027. At current gold prices, Allied should generate cash flows equal to its current market capitalization in the next 18 months. Following the terminated Zijin takeover, AAUC trades at a deep discount—0.4x 2027 EV/EBITDA—well below sector peers’ 5–7x multiples. Recent share price declines appear excessive; major brokers’ targets (C$40–C$49) remain materially above current levels, reflecting strong operational outlook. Allied Gold ( AAUC ) (and AAUC:CA) is Africa's fastest -growing gold producer with a market capitalization of US$2.3 billion, an Enterpris e Value of US$1.95 billion, and a net cash