Zacks: Alio Gold Inc (ALO) Given Average Recommendation of “Buy” by Analysts
Alio Gold Inc (NYSE:ALO) has been given a consensus broker rating score of 1.75 (Buy) from the four brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and two have assigned a strong buy recommendation to the company. Alio Gold’s rating score has declined by 40% in the last three months as a result of various analysts’ ratings changes.
Analysts have set a 12-month consensus price objective of $7.73 for the company and are predicting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also given Alio Gold an industry rank of 202 out of 265 based on the ratings given to its competitors.
A number of research firms have weighed in on ALO. BMO Capital Markets upgraded Alio Gold from an “underperform” rating to a “market perform” rating in a report on Friday, August 11th. Zacks Investment Research cut Alio Gold from a “buy” rating to a “hold” rating in a report on Monday, July 24th.
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Institutional investors have recently added to or reduced their stakes in the stock. U S Global Investors Inc. acquired a new position in Alio Gold during the second quarter valued at approximately $832,000. Cubist Systematic Strategies LLC acquired a new position in Alio Gold during the second quarter valued at approximately $125,000. Royal Bank of Canada acquired a new position in Alio Gold during the second quarter valued at approximately $175,000. Hillsdale Investment Management Inc. acquired a new position in Alio Gold during the second quarter valued at approximately $609,000. Finally, Aegis Financial Corp acquired a new position in Alio Gold during the second quarter valued at approximately $1,103,000.
Alio Gold (ALO) traded up 1.25% on Friday, hitting $4.04. 53,506 shares of the company traded hands. The firm has a market capitalization of $176.44 million and a P/E ratio of 3.07. The stock’s 50-day moving average is $4.17 and its 200 day moving average is $4.26. Alio Gold has a 12 month low of $2.70 and a 12 month high of $6.06.
Alio Gold (NYSE:ALO) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.09. The company had revenue of $27.07 million during the quarter, compared to analysts’ expectations of $25 million. Equities analysts forecast that Alio Gold will post $0.43 EPS for the current fiscal year.
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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