Alio Gold Inc (ALO) Upgraded by BMO Capital Markets to Market Perform
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.
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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.
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