Alio Gold (NYSEAMERICAN:ALO) released its quarterly earnings data on Thursday. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.02), Morningstar.com reports. The company had revenue of $27.94 million for the quarter.

NYSEAMERICAN:ALO opened at $0.71 on Friday. Alio Gold has a 1-year low of $0.63 and a 1-year high of $3.93.

ALO has been the subject of a number of research reports. Clarus Securities lowered shares of Alio Gold from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. Zacks Investment Research raised shares of Alio Gold from a “sell” rating to a “hold” rating in a research note on Thursday, August 23rd. Four equities research analysts have rated the stock with a hold rating, Alio Gold presently has an average rating of “Hold” and a consensus target price of $2.00.

Large investors have recently added to or reduced their stakes in the stock. CIBC World Markets Inc. lifted its stake in Alio Gold by 131.8% in the second quarter. CIBC World Markets Inc. now owns 151,180 shares of the company’s stock worth $221,000 after acquiring an additional 85,956 shares during the period. First Manhattan Co. purchased a new stake in Alio Gold in the third quarter worth about $677,000. Donald Smith & CO. Inc. lifted its stake in Alio Gold by 19.6% in the second quarter. Donald Smith & CO. Inc. now owns 616,254 shares of the company’s stock worth $900,000 after acquiring an additional 100,834 shares during the period. JPMorgan Chase & Co. lifted its stake in Alio Gold by 59.6% in the first quarter. JPMorgan Chase & Co. now owns 486,150 shares of the company’s stock worth $948,000 after acquiring an additional 181,500 shares during the period. Finally, Formula Growth Ltd. purchased a new stake in Alio Gold in the second quarter worth about $1,853,000.

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About Alio Gold

Alio Gold Inc, through its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral resource properties in Mexico. It primarily sells gold and silver. The company's principal assets include its 100% owned and operating San Francisco open-pit, heap leach gold mine in Sonora, Mexico; and its 100%-owned development stage Ana Paula Project in Guerrero, Mexico.

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Earnings History for Alio Gold (NYSEAMERICAN:ALO)

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