Zacks Investment Research upgraded shares of Alio Gold (NYSEAMERICAN:ALO) from a sell rating to a hold rating in a research note issued to investors on Monday.
According to Zacks, “Alio Gold Inc. is a gold mining company. It engaged in exploration, development and production primarily in Mexico. The company’s principal assets include the producing San Francisco mine in Sonora, Mexico and the development stage Ana Paula project in Guerrero, Mexico. Alio Gold Inc, formerly known as Timmins Gold Corp, is headquartered in Vancouver, Canada. “
Separately, Clarus Securities downgraded shares of Alio Gold from a buy rating to a hold rating in a research note on Monday, August 13th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Alio Gold presently has a consensus rating of Hold and an average price target of $4.50.
Shares of NYSEAMERICAN:ALO opened at $0.63 on Monday. Alio Gold has a 52 week low of $0.62 and a 52 week high of $4.94.
Alio Gold (NYSEAMERICAN:ALO) last issued its earnings results on Friday, August 10th. The company reported $0.05 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. The firm had revenue of $26.23 million during the quarter.
A number of hedge funds and other institutional investors have recently modified their holdings of ALO. Deutsche Bank AG lifted its position in Alio Gold by 436.7% during the 4th quarter. Deutsche Bank AG now owns 195,902 shares of the company’s stock worth $718,000 after buying an additional 159,398 shares in the last quarter. AGF Investments Inc. lifted its position in Alio Gold by 8.7% during the 1st quarter. AGF Investments Inc. now owns 422,300 shares of the company’s stock worth $823,000 after buying an additional 33,700 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Alio Gold by 59.6% during the 1st quarter. JPMorgan Chase & Co. now owns 486,150 shares of the company’s stock worth $948,000 after buying an additional 181,500 shares in the last quarter. GWM Advisors LLC lifted its position in Alio Gold by 403.4% during the 1st quarter. GWM Advisors LLC now owns 90,609 shares of the company’s stock worth $169,000 after buying an additional 72,609 shares in the last quarter. Finally, Aegis Financial Corp lifted its position in Alio Gold by 127.8% during the 1st quarter. Aegis Financial Corp now owns 1,452,242 shares of the company’s stock worth $2,828,000 after buying an additional 814,665 shares in the last quarter.
About Alio Gold
Alio Gold Inc, through its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral resource properties in Mexico. It primarily sells gold and silver. The company's principal assets include its 100% owned and operating San Francisco open-pit, heap leach gold mine in Sonora, Mexico; and its 100%-owned development stage Ana Paula Project in Guerrero, Mexico.
Read More: Price to Earnings Ratio (PE) Basics
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Alio Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alio Gold and related companies with MarketBeat.com's FREE daily email newsletter.