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News articleNasdaq· May 16, 2026

This Gold Stock Is Up 140%. One Investor Has Made It a 15% Portfolio Holding

View original at nasdaq.com
This Gold Stock Is Up 140%. One Investor Has Made It a 15% Portfolio Holding Key Points Vazirani Asset Management initiated a new position in Allied Gold Corporation, buying 148,400 shares in the first quarter; the estimated transaction value was $4.48 million based on quarterly average prices…
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  • Allied Gold shares were priced at $29.33 as of May 14, 2026, up more than 140% over the past year, significantly outperforming the S&P 500 which was up about 25%.

    60% confidence
  • A $1,000 investment in Netflix at the December 17, 2004 Stock Advisor recommendation would be worth $469,293.

    60% confidence
  • Allied Gold's Kurmuk project in Ethiopia remains on track for first gold production in mid-2026 and is expected to produce roughly 290,000 ounces annually during its first four years at sub-$950 all-in sustaining costs.

    60% confidence
  • Vazirani Asset Management acquired 148,400 shares of Allied Gold Corporation in Q1 2026, with an estimated transaction value of $4.48 million based on quarterly average pricing.

    60% confidence
  • Allied Gold has 11.2 million ounces of reserves and an expanding production profile, making it a potential play on elevated gold prices and growing global demand for safe-haven assets.

    60% confidence
  • Allied Gold's first-quarter gold production climbed 14% year over year to 96,016 ounces, while revenue rose to $394.1 million from $346.4 million a year earlier.

    60% confidence
  • Allied Gold was not among The Motley Fool Stock Advisor's 10 best stocks for investors to buy now.

    60% confidence
  • Vazirani's purchase looks like a bet that the gold rally still has room to run, especially for producers translating higher bullion prices into stronger production and cash flow.

    60% confidence
  • Allied Gold generated $57.3 million in operating cash flow and ended Q1 2026 with $424.2 million in cash.

    60% confidence
  • Allied Gold operates in Mali, Côte d'Ivoire, and Ethiopia, where political and operational instability can quickly change the story.

    60% confidence
  • A $1,000 investment in Nvidia at the April 15, 2005 Stock Advisor recommendation would be worth $1,381,332.

    60% confidence
  • Stock Advisor's total average return is 993%, compared to 207% for the S&P 500.

    60% confidence
  • Allied Gold's new position represents 14.75% of Vazirani Asset Management LLC's 13F reportable assets under management.

    60% confidence

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