Alio Gold Inc (NYSE:ALO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

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. “

Shares of Alio Gold (ALO) traded up 4.3495% during mid-day trading on Tuesday, reaching $4.2992. The company’s stock had a trading volume of 109,788 shares. The stock has a market capitalization of $152.89 million and a P/E ratio of 2.9366. Alio Gold has a 12 month low of $0.45 and a 12 month high of $6.28. The company has a 50 day moving average price of $5.03 and a 200 day moving average price of $4.06.

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About Alio Gold

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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