Allied Gold, operating mines in Mali, Ivory Coast, and commissioning a major project in Ethiopia, is expected to double earnings by 2028. The stock is rated 'Buy' due to a significant discount to net asset value (NAV) and operational improvements across its assets. Key growth drivers include expansions and resource conversions at Sadiola, Bonikro, Agbaou, and Kurmuk mines, though geopolitical risks in Ethiopia and Mali remain concerns. The current share price near $20 offers a margin of safety against a risk-adjusted NAV of $39 and a potential price of $47.50 by 2028, making it attractive for medium-term investors.
Allied Gold is noted for its significant discount to net asset value (NAV) with a risk-adjusted NAV of $39 against a current share price near $20. For readers following the Basic Materials sector, here is Pluang's market snapshot as of Oct 16, 2026 20:11 WIB: out of 83 priced US stocks, 33 rose and 41 fell. Notable movers include AMRZ at USD 37.82 with 100% buy orders, STLD at USD 243.90 up 1.30%, and SSRM at USD 31.37 down 1.20%.
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