Alio Gold Inc (ALO) Sees Large Volume Increase
Alio Gold Inc (NYSE:ALO) shares saw unusually-strong trading volume on Tuesday . Approximately 208,334 shares traded hands during mid-day trading, an increase of 45% from the previous session’s volume of 143,245 shares.The stock last traded at $4.71 and had previously closed at $4.67.
A number of equities research analysts have commented on ALO shares. Zacks Investment Research upgraded shares of Alio Gold from a “sell” rating to a “buy” rating and set a $5.00 price target for the company in a report on Tuesday, July 18th. BMO Capital Markets upgraded shares of Alio Gold from an “underperform” rating to a “market perform” rating in a report on Friday, August 11th.
The company has a 50 day moving average price of $4.13 and a 200-day moving average price of $4.31. The company has a market capitalization of $210.07 million and a price-to-earnings ratio of 3.66.
Alio Gold (NYSE:ALO) last released its earnings results on Thursday, August 10th. The company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.09. The business had revenue of $27.07 million during the quarter, compared to analysts’ expectations of $25.00 million. On average, equities analysts predict that Alio Gold Inc will post $0.43 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC purchased a new stake in Alio Gold during the 2nd quarter valued at about $125,000. FMR LLC purchased a new stake in Alio Gold during the 2nd quarter valued at about $168,000. American Century Companies Inc. purchased a new stake in Alio Gold during the 2nd quarter valued at about $169,000. Royal Bank of Canada purchased a new stake in Alio Gold during the 2nd quarter valued at about $175,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in Alio Gold during the 2nd quarter valued at about $198,000.
Alio Gold Company Profile
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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