Scotia Capital Inc. Acquires 17,300 Shares of Alio Gold Inc (ALO)
Scotia Capital Inc. grew its holdings in shares of Alio Gold Inc (NYSEAMERICAN:ALO) by 129.2% during the 4th quarter, Holdings Channel reports. The firm owned 30,693 shares of the company’s stock after buying an additional 17,300 shares during the period. Scotia Capital Inc.’s holdings in Alio Gold were worth $113,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC acquired a new position in shares of Alio Gold during the 4th quarter valued at about $121,000. CIBC World Markets Inc. boosted its position in shares of Alio Gold by 81.8% during the 4th quarter. CIBC World Markets Inc. now owns 38,000 shares of the company’s stock valued at $139,000 after acquiring an additional 17,100 shares during the last quarter. Royal Bank of Canada acquired a new position in shares of Alio Gold during the 2nd quarter valued at about $175,000. Bank of New York Mellon Corp acquired a new position in shares of Alio Gold during the 3rd quarter valued at about $231,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Alio Gold during the 4th quarter valued at about $333,000.
Separately, Zacks Investment Research lowered shares of Alio Gold from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $5.50.
Alio Gold (NYSEAMERICAN:ALO) last issued its quarterly earnings data on Wednesday, February 21st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The company had revenue of $20.59 million for the quarter.
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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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