Shares of Alio Gold Inc (NYSE:ALO) have received an average broker rating score of 1.75 (Buy) from the four brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation, one has given a buy recommendation and two have given a strong buy recommendation to the company. Alio Gold’s rating score has declined by 9.4% from three months ago as a result of a number of analysts’ ratings changes.

Brokers have set a 1-year consensus target price of $7.28 for the company and are predicting that the company will post $0.03 earnings per share for the current quarter, according to Zacks. Zacks has also given Alio Gold an industry rank of 95 out of 265 based on the ratings given to related companies.

Several equities research analysts have issued reports on ALO shares. Zacks Investment Research upgraded shares of Alio Gold from a “sell” rating to a “buy” rating and set a $5.00 price objective for the company in a research note on Tuesday, July 18th. BMO Capital Markets upgraded shares of Alio Gold from an “underperform” rating to a “market perform” rating in a research note on Friday, August 11th.

Alio Gold (ALO) traded down 0.1654% during mid-day trading on Monday, hitting $4.0433. 28,693 shares of the stock traded hands. Alio Gold has a 12-month low of $2.70 and a 12-month high of $6.06. The firm’s 50-day moving average is $4.38 and its 200-day moving average is $4.42. The company has a market cap of $176.59 million and a price-to-earnings ratio of 3.0724.

Alio Gold (NYSE:ALO) last released its quarterly earnings data on Thursday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.09. The business had revenue of $27.07 million for the quarter, compared to analysts’ expectations of $25.00 million. Equities research analysts expect that Alio Gold will post $0.43 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sentry Investments Corp. purchased a new stake in Alio Gold during the second quarter worth approximately $6,630,000. Acadian Asset Management LLC acquired a new position in shares of Alio Gold during the second quarter worth $1,566,000. Loews Corp acquired a new position in shares of Alio Gold during the second quarter worth $593,000. Aegis Financial Corp acquired a new position in shares of Alio Gold during the second quarter worth $1,103,000. Finally, AGF Investments Inc. acquired a new position in shares of Alio Gold during the second quarter worth $730,000.

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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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