Alio Gold Inc (NYSE:ALO) saw a large increase in short interest during the month of September. As of September 29th, there was short interest totalling 101,040 shares, an increase of 379.5% from the September 15th total of 21,073 shares. Based on an average daily volume of 276,313 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.
Alio Gold (NYSE ALO) opened at 4.30 on Friday. The firm has a market cap of $187.80 million and a PE ratio of 3.27. Alio Gold has a 12 month low of $2.70 and a 12 month high of $6.06. The stock’s 50 day moving average is $4.37 and its 200 day moving average is $4.40.
Alio Gold (NYSE:ALO) last announced its quarterly earnings results 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 analysts’ expectations of $25.00 million. On average, equities analysts forecast that Alio Gold will post $0.43 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Sentry Investments Corp. acquired a new stake in shares of Alio Gold during the second quarter valued at $6,630,000. Acadian Asset Management LLC acquired a new stake in shares of Alio Gold during the second quarter valued at $1,566,000. Loews Corp acquired a new stake in shares of Alio Gold during the second quarter valued at $593,000. Aegis Financial Corp acquired a new stake in shares of Alio Gold during the second quarter valued at $1,103,000. Finally, AGF Investments Inc. acquired a new stake in shares of Alio Gold during the second quarter valued at $730,000.
Several equities research analysts have issued reports on the stock. 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. Zacks Investment Research cut shares of Alio Gold from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.
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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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