Zacks Investment Research downgraded shares of Alio Gold (NYSEAMERICAN:ALO) from a buy rating to a hold rating in a research note issued to investors on Friday morning.
According to Zacks, “Alio Gold Inc. is a gold mining company. It engaged in exploration, development and production primarily in Mexico. The company’s principal assets include the producing San Francisco mine in Sonora, Mexico and the development stage Ana Paula project in Guerrero, Mexico. Alio Gold Inc, formerly known as Timmins Gold Corp, is headquartered in Vancouver, Canada. “
Other analysts have also recently issued reports about the stock. National Bank Financial restated an outperform rating on shares of Alio Gold in a research note on Tuesday, October 17th. Royal Bank of Canada restated a hold rating and issued a $7.00 price objective on shares of Alio Gold in a research note on Monday, October 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $5.50.
Shares of Alio Gold (ALO) opened at $3.01 on Friday. The stock has a market cap of $144.76, a P/E ratio of 5.10 and a beta of -0.84. Alio Gold has a one year low of $2.82 and a one year high of $6.06.
Alio Gold (NYSEAMERICAN:ALO) last posted its earnings results on Thursday, November 9th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.09.
Several institutional investors have recently modified their holdings of ALO. FMR LLC acquired a new stake in shares of Alio Gold in the second quarter worth $168,000. Royal Bank of Canada acquired a new stake in shares of Alio Gold in the second quarter worth $175,000. Cubist Systematic Strategies LLC bought a new position in Alio Gold during the second quarter worth $125,000. U S Global Investors Inc. bought a new position in Alio Gold during the second quarter worth $832,000. Finally, American Century Companies Inc. increased its position in Alio Gold by 112.3% during the third quarter. American Century Companies Inc. now owns 79,400 shares of the company’s stock worth $350,000 after acquiring an additional 42,000 shares during the period.
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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