Shares of Alio Gold Inc (NYSE:ALO) have received a consensus broker rating score of 1.75 (Buy) from the four brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating on the company. Alio Gold’s rating score has declined by 40% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Analysts have set a twelve-month consensus target price of $7.73 for the company and are forecasting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Alio Gold an industry rank of 180 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research cut shares of Alio Gold from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 19th.

A hedge fund recently bought a new stake in Alio Gold stock. Acadian Asset Management LLC acquired a new stake in shares of Alio Gold Inc (NYSE:ALO) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 346,522 shares of the company’s stock, valued at approximately $1,566,000. Acadian Asset Management LLC owned about 0.97% of Alio Gold as of its most recent filing with the SEC.

ILLEGAL ACTIVITY NOTICE: This report was published by Daily Political and is the property of of Daily Political. If you are accessing this report on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The original version of this report can be read at https://www.dailypolitical.com/2017/08/07/zacks-alio-gold-inc-nysealo-given-average-rating-of-buy-by-brokerages.html.

Alio Gold (NYSE ALO) traded up 2.08% during midday trading on Wednesday, hitting $3.93. 190,836 shares of the stock traded hands. The company has a 50-day moving average of $4.71 and a 200-day moving average of $4.25. Alio Gold has a 1-year low of $0.45 and a 1-year high of $6.28. The stock has a market cap of $139.76 million and a PE ratio of 2.68.

About Alio Gold

Alio Gold Inc, formerly Timmins Gold Corp, is a Canada-based gold producer engaged in the operation, development, exploration and acquisition of resource properties in Mexico through its subsidiaries, Timmins Goldcorp Mexico, SA de C.V. and Molimentales del Noroeste, SA de C.V. (MdN). MdN owns the San Francisco Mine in Sonora, Mexico.

Get a free copy of the Zacks research report on Alio Gold (ALO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Alio Gold Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alio Gold Inc and related companies with MarketBeat.com's FREE daily email newsletter.