Alio Gold Inc (NYSE:ALO) has earned an average broker rating score of 1.75 (Buy) from the four analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company.

Analysts have set a 12 month consensus price target 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 110 out of 265 based on the ratings given to related companies.

ALO has been the subject of a number of research analyst reports. Royal Bank Of Canada restated a “hold” rating and set a $7.00 price objective on shares of Alio Gold in a report on Monday, October 23rd. Zacks Investment Research cut Alio Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 20th. Finally, 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 institutional investors and hedge funds have recently modified their holdings of ALO. Cubist Systematic Strategies LLC bought a new position in shares of Alio Gold during the 2nd quarter worth about $125,000. FMR LLC acquired a new stake in shares of Alio Gold in the 2nd quarter worth about $168,000. American Century Companies Inc. purchased a new stake in Alio Gold in the 2nd quarter valued at about $169,000. Royal Bank of Canada purchased a new stake in Alio Gold in the 2nd quarter valued at about $175,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in Alio Gold in the 2nd quarter valued at about $198,000.

Alio Gold (NYSE:ALO) traded down $0.14 on Friday, reaching $3.90. 85,602 shares of the company’s stock were exchanged.

Alio Gold (NYSE:ALO) last released its quarterly earnings results on Thursday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.09. The firm had revenue of $27.07 million during the quarter, compared to analyst estimates of $25.00 million.

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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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