In August, John Newell of John Newell & Associates shared the below chart for Allied Gold Corp. (AAUC:TSX; AAUCF:OTCQX).
As you can see, in this chart, Newell gives a first price target of CA$3.80, a second target of CA$4.60, and a third target of CA$5.50. Newell’s overall big-picture target was CA$7.65.
Newell recently shared the updated chart below.
Above, he notes that Allied Gold had surpassed his first target. This was done by the close of January 23, 2025, when the stock closed at CA$3.92.
On January 30, 2025, Allied Gold closed on the second target at CA$4.60.
Newell has kept his original third target, and his big-picture target is still CA$7.65.
Allied Gold Corp. (AAUC:TSX; AAUCF:OTCQX) closed for trading at CA$4.55, US$3.12 on January 31, 2025.
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As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it’s advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.