Aegis Financial Corp Acquires New Position in Alio Gold Inc (ALO)
Aegis Financial Corp acquired a new stake in shares of Alio Gold Inc (NYSE:ALO) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 243,918 shares of the company’s stock, valued at approximately $1,103,000. Alio Gold makes up approximately 1.3% of Aegis Financial Corp’s portfolio, making the stock its 19th largest holding. Aegis Financial Corp owned 0.69% of Alio Gold at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. 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. Commerzbank Aktiengesellschaft FI purchased a new stake in Alio Gold during the 2nd quarter valued at about $198,000. AXA purchased a new stake in Alio Gold during the 2nd quarter valued at about $480,000. Finally, Loews Corp purchased a new stake in Alio Gold during the 2nd quarter valued at about $593,000.
Alio Gold Inc (NYSE ALO) traded up 1.07% during mid-day trading on Friday, hitting $4.71. 136,244 shares of the stock traded hands. Alio Gold Inc has a 12-month low of $2.70 and a 12-month high of $6.06. The firm’s 50-day moving average is $4.15 and its 200-day moving average is $4.32. The company has a market cap of $205.70 million and a price-to-earnings ratio of 3.58.
Alio Gold (NYSE:ALO) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.09. The firm had revenue of $27.07 million during the quarter, compared to analyst estimates of $25.00 million. Equities research analysts expect that Alio Gold Inc will post $0.43 EPS for the current year.
ALO has been the subject of several analyst reports. Zacks Investment Research cut shares of Alio Gold from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. BMO Capital Markets raised shares of Alio Gold from an “underperform” rating to a “market perform” rating in a research note on Friday, August 11th.
Alio Gold 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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