Alio Gold Inc (NYSE:ALO)‘s stock had its “hold” rating restated by investment analysts at Royal Bank Of Canada in a report released on Monday. They currently have a $7.00 price target on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 73.27% from the stock’s current price.

Several other brokerages have also recently weighed in on ALO. Zacks Investment Research cut shares of Alio Gold from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. BMO Capital Markets raised shares of Alio Gold from an “underperform” rating to a “market perform” rating in a research report on Friday, August 11th.

Shares of Alio Gold (ALO) traded down 0.25% during midday trading on Monday, hitting $4.04. 118,023 shares of the stock traded hands. The stock has a market cap of $176.44 million and a price-to-earnings ratio of 3.07. Alio Gold has a 12-month low of $2.70 and a 12-month high of $6.06. The company’s 50 day moving average price is $4.38 and its 200-day moving average price is $4.42.

Alio Gold (NYSE:ALO) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.09. The firm had revenue of $27.07 million for the quarter, compared to analyst estimates of $25.00 million. On average, equities research analysts expect that Alio Gold will post $0.43 EPS for the current year.

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Several hedge funds have recently made changes to their positions in the company. Sentry Investments Corp. acquired a new position in Alio Gold in the second quarter valued at about $6,630,000. Acadian Asset Management LLC acquired a new position in Alio Gold in the second quarter valued at about $1,566,000. Aegis Financial Corp acquired a new position in Alio Gold in the second quarter valued at about $1,103,000. U S Global Investors Inc. acquired a new position in Alio Gold in the second quarter valued at about $832,000. Finally, AGF Investments Inc. acquired a new position in Alio Gold in the second quarter valued at about $730,000.

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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