Zacks: Alio Gold Inc (ALO) Receives Consensus Rating of “Buy” from Brokerages
Alio Gold Inc (NYSE:ALO) has received an average broker rating score of 1.75 (Buy) from the four brokers that cover 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 assigned a strong buy recommendation to the company.
Analysts have set a 1-year consensus price objective of $7.28 for the company and are predicting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also given Alio Gold an industry rank of 111 out of 265 based on the ratings given to related companies.
A number of research analysts recently issued reports on ALO shares. Zacks Investment Research downgraded shares of Alio Gold from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. 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. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $7.00 target price on shares of Alio Gold in a research report on Monday, October 23rd.
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Hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC bought a new stake in Alio Gold during the 2nd quarter valued at $125,000. FMR LLC bought a new stake in Alio Gold during the 2nd quarter valued at $168,000. American Century Companies Inc. bought a new stake in Alio Gold during the 2nd quarter valued at $169,000. Royal Bank of Canada bought a new stake in Alio Gold during the 2nd quarter valued at $175,000. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in Alio Gold during the 2nd quarter valued at $198,000.
Shares of Alio Gold (ALO) opened at 4.06 on Friday. Alio Gold has a 12 month low of $2.70 and a 12 month high of $6.06. The stock’s 50 day moving average is $4.34 and its 200 day moving average is $4.43. The company has a market cap of $177.32 million and a P/E ratio of 3.09.
Alio Gold (NYSE:ALO) last released its earnings results on Thursday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.09. The company had revenue of $27.07 million for the quarter, compared to analyst estimates of $25.00 million. On average, analysts anticipate that Alio Gold will post $0.43 EPS for the current fiscal year.
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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