CIBC lifts Allied Gold stock target to CAD 40.00
Published on 10/17/2026 at 19:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and operating scale
- CIBC raised its Allied Gold target from CAD 39.00 to CAD 40.00 on October 16, 2026.
- Allied Gold's 2026 production guidance spans 485,000 to 575,000 ounces.
- Allied Gold stock was last at CAD 29.65 on October 16, 2026 at 4:00 p.m. ET, up 1.51 percent on the TSX.
- Allied Gold had a CAD 4.1 billion market capitalization and a negative 38.84 P/E ratio on October 16, 2026.
Markets Insider reported on October 16, 2026 that CIBC raised its Allied Gold price target from CAD 39.00 to CAD 40.00 and kept an Outperformer rating. Against the TSX price of CAD 29.65, the target stands 34.91 percent higher. Allied Gold was last at CAD 29.65 on October 16, 2026 at 4:00 p.m. ET, up 1.51 percent versus the TSX prior close of CAD 29.21.
Production guidance spans 485,000 ounces
Allied Gold's investor-relations materials set 2026 production guidance at 485,000 to 575,000 ounces of gold. The same materials describe operations and development assets in Mali, Ivory Coast and Ethiopia, while the company targets more than 700,000 to 800,000 ounces of annual production over the longer term. These figures frame the analyst target around execution rather than a single mine outcome.
Price position on October 16
The TSX quotation stood within a CAD 20.61 to CAD 43.77 52-week range on October 16, 2026. The price was CAD 14.12 below the yearly high, equal to 32.26 percent, and CAD 9.04 above the yearly low, equal to 43.86 percent. Trading volume reached 527,514 shares against an average of 1,128,798 shares.
Market value and earnings multiple
Allied Gold carried a CAD 4.1 billion market capitalization and a negative 38.84 P/E ratio on October 16, 2026. Its 2026 production guidance is the most concrete operating yardstick in the investor materials, while CIBC's CAD 40.00 target provides a dated external valuation reference. The company is listed on both the TSX and NYSE under AAUC, according to its investor-relations page.
Comparison with peers
Allied Gold (TSX, CAD): plus 1.51 percent, P/E minus 38.84, market capitalization CAD 4.1 billion
B2Gold (NYSE, USD): plus 2.51 percent, P/E 9.75, market capitalization USD 7.0 billion
Endeavour Mining (LSE, GBp): plus 1.84 percent, P/E 16.35
What the target implies
The CIBC target is 34.91 percent above Allied Gold's TSX price, while the stock remains well below its 52-week high. For investors, the key comparison is between the production range of 485,000 to 575,000 ounces in 2026 and the company's longer-term expansion objective.
Allied Gold was last at CAD 29.65 on October 16, 2026 at 4:00 p.m. ET on the TSX, up 1.51 percent versus the TSX prior close of CAD 29.21.
Market context: Market report S&P/TSX Composite.
