Alio Gold Inc (NYSE:ALO) was upgraded by equities research analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a report issued on Friday.

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

Shares of Alio Gold (NYSE:ALO) traded up 3.20% during trading on Friday, hitting $4.11. 113,949 shares of the company were exchanged. The firm’s 50-day moving average price is $4.42 and its 200 day moving average price is $4.25. Alio Gold has a 12 month low of $2.70 and a 12 month high of $6.30. The firm has a market capitalization of $146.16 million and a PE ratio of 2.81.

Alio Gold (NYSE:ALO) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.01 by $0.09. The company had revenue of $27.07 million during the quarter, compared to analysts’ expectations of $25 million. On average, equities research analysts expect that Alio Gold will post $0.26 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Alio Gold Inc (ALO) Upgraded by BMO Capital Markets to Market Perform” was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/08/11/alio-gold-inc-alo-upgraded-by-bmo-capital-markets-to-market-perform.html.

Several large investors have recently added to or reduced their stakes in ALO. Sentry Investments Corp. acquired a new stake in Alio Gold during the second quarter worth about $6,630,000. Acadian Asset Management LLC acquired a new stake in Alio Gold during the second quarter worth about $1,566,000. AGF Investments Inc. acquired a new stake in Alio Gold during the second quarter worth about $730,000. Loews Corp acquired a new stake in Alio Gold during the second quarter worth about $593,000. Finally, AXA acquired a new stake in Alio Gold during the second quarter worth about $480,000.

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.

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.