Gold Company Reaches First and Second Target
Contributed Opinion

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In August, John Newell of John Newell & Associates shared the below chart for Allied Gold Ltd. (ALG:TSX; AGLD:LSE; ALD:ASX).

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. 

Yesterday, 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.