Zacks: Alio Gold Inc (ALO) Receives Average Recommendation of “Buy” from Brokerages

Shares of Alio Gold Inc (NYSE:ALO) have been assigned a consensus broker rating score of 1.75 (Buy) from the four analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation, one has assigned 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 90 days ago as a result of various analysts’ ratings changes.

Brokers have set a 1 year consensus target price of $7.28 for the company, according to Zacks. Zacks has also assigned Alio Gold an industry rank of 221 out of 265 based on the ratings given to related companies.

A number of equities research analysts have recently commented on the company. BMO Capital Markets upgraded Alio Gold from an “underperform” rating to a “market perform” rating in a research report on Friday, August 11th. Zacks Investment Research cut Alio Gold from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.

Shares of Alio Gold (NYSE ALO) traded down 4.72% during trading on Friday, hitting $4.34. The stock had a trading volume of 116,624 shares. Alio Gold has a 12-month low of $2.70 and a 12-month high of $6.06. The firm has a market cap of $189.55 million and a P/E ratio of 3.30. The firm has a 50 day moving average price of $4.34 and a 200 day moving average price of $4.40.

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

Several large investors have recently bought and sold shares of ALO. Sentry Investments Corp. acquired a new stake in shares of Alio Gold during the 2nd quarter valued at about $6,630,000. Acadian Asset Management LLC acquired a new stake in shares of Alio Gold during the 2nd quarter valued at about $1,566,000. Aegis Financial Corp acquired a new stake in shares of Alio Gold during the 2nd quarter valued at about $1,103,000. U S Global Investors Inc. acquired a new stake in shares of Alio Gold during the 2nd quarter valued at about $832,000. Finally, AGF Investments Inc. acquired a new stake in shares of Alio Gold during the 2nd quarter valued at about $730,000.

TRADEMARK VIOLATION NOTICE: “Zacks: Alio Gold Inc (ALO) Receives Average Recommendation of “Buy” from Brokerages” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/zacks-alio-gold-inc-alo-receives-average-recommendation-of-buy-from-brokerages.html.

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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Brokers have set a 1 year consensus target price of $7.28 for the company, according to Zacks. Zacks has also assigned Alio Gold an industry rank of 221 out of 265 based on the ratings given to related companies.

A number of equities research analysts have recently commented on the company. BMO Capital Markets upgraded Alio Gold from an “underperform” rating to a “market perform” rating in a research report on Friday, August 11th. Zacks Investment Research cut Alio Gold from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.

Shares of Alio Gold (NYSE ALO) traded down 4.72% during trading on Friday, hitting $4.34. The stock had a trading volume of 116,624 shares. Alio Gold has a 12-month low of $2.70 and a 12-month high of $6.06. The firm has a market cap of $189.55 million and a P/E ratio of 3.30. The firm has a 50 day moving average price of $4.34 and a 200 day moving average price of $4.40.

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

Several large investors have recently bought and sold shares of ALO. Sentry Investments Corp. acquired a new stake in shares of Alio Gold during the 2nd quarter valued at about $6,630,000. Acadian Asset Management LLC acquired a new stake in shares of Alio Gold during the 2nd quarter valued at about $1,566,000. Aegis Financial Corp acquired a new stake in shares of Alio Gold during the 2nd quarter valued at about $1,103,000. U S Global Investors Inc. acquired a new stake in shares of Alio Gold during the 2nd quarter valued at about $832,000. Finally, AGF Investments Inc. acquired a new stake in shares of Alio Gold during the 2nd quarter valued at about $730,000.

TRADEMARK VIOLATION NOTICE: “Zacks: Alio Gold Inc (ALO) Receives Average Recommendation of “Buy” from Brokerages” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/zacks-alio-gold-inc-alo-receives-average-recommendation-of-buy-from-brokerages.html.

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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