Alio Gold Inc (ALO) Receives Average Recommendation of “Buy” from Brokerages
Alio Gold Inc (NYSE:ALO) has been assigned a consensus broker rating score of 1.75 (Buy) from the four brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company. Alio Gold’s rating score has declined by 9.4% from 90 days ago as a result of various analysts’ ratings changes.
Analysts have set a one year consensus target price of $7.28 for the company, according to Zacks. Zacks has also assigned Alio Gold an industry rank of 170 out of 265 based on the ratings given to related companies.
ALO has been the subject of several research analyst reports. Zacks Investment Research upgraded Alio Gold from a “sell” rating to a “buy” rating and set a $5.00 price target for the company in a research note on Tuesday, July 18th. BMO Capital Markets upgraded Alio Gold from an “underperform” rating to a “market perform” rating in a research note on Friday, August 11th.
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A number of large investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new stake in Alio Gold during the second quarter worth about $125,000. FMR LLC acquired a new stake in Alio Gold during the second quarter worth about $168,000. American Century Companies Inc. acquired a new stake in Alio Gold during the second quarter worth about $169,000. Royal Bank of Canada acquired a new stake in Alio Gold during the second quarter worth about $175,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in Alio Gold during the second quarter worth about $198,000.
Shares of Alio Gold (NYSE:ALO) traded down 0.42% during midday trading on Monday, reaching $4.69. 174,010 shares of the company traded hands. Alio Gold has a 1-year low of $2.70 and a 1-year high of $6.06. The stock has a 50 day moving average price of $4.15 and a 200 day moving average price of $4.32. The firm has a market capitalization of $204.83 million and a PE ratio of 3.56.
Alio Gold (NYSE:ALO) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.09. The firm had revenue of $27.07 million for the quarter, compared to analyst estimates of $25.00 million. Analysts expect that Alio Gold will post $0.43 earnings per share for the current fiscal year.
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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