Zacks: Analysts Set $7.73 Price Target for Alio Gold Inc (ALO)
Alio Gold Inc (NYSE:ALO) has been given an average broker rating score of 1.75 (Buy) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company. Alio Gold’s rating score has declined by 9.4% in the last three months as a result of various analysts’ upgrades and downgrades.
Brokerages have set a one year consensus price objective of $7.73 for the company and are anticipating that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Alio Gold an industry rank of 193 out of 265 based on the ratings given to its competitors.
ALO has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Alio Gold from a “sell” rating to a “buy” rating and set a $5.00 price target on the stock in a research report on Tuesday, July 18th. BMO Capital Markets upgraded shares of Alio Gold from an “underperform” rating to a “market perform” rating in a research report on Friday, August 11th.
A number of hedge funds and other institutional investors have recently modified their holdings of ALO. Cubist Systematic Strategies LLC bought a new position in shares of Alio Gold in the second quarter worth approximately $125,000. FMR LLC bought a new position in shares of Alio Gold in the second quarter worth approximately $168,000. American Century Companies Inc. bought a new position in shares of Alio Gold in the second quarter worth approximately $169,000. Royal Bank of Canada bought a new position in shares of Alio Gold in the second quarter worth approximately $175,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in shares of Alio Gold in the second quarter worth approximately $198,000.
Alio Gold (ALO) traded up 1.15% during trading on Monday, reaching $4.39. 69,736 shares of the company’s stock traded hands. Alio Gold has a 52-week low of $2.70 and a 52-week high of $6.06. The company’s 50 day moving average is $4.14 and its 200-day moving average is $4.28. The stock has a market cap of $191.73 million and a price-to-earnings ratio of 3.34.
Alio Gold (NYSE:ALO) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.09. The business had revenue of $27.07 million for the quarter, compared to the consensus estimate of $25 million. On average, analysts anticipate that Alio Gold will post $0.43 earnings per share for the current fiscal year.
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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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