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Alio Gold (NYSEAMERICAN: ALO) was downgraded by Zacks Investment Research from a note "buy" to a "take" "Note Zacks," Alio Gold Inc. is a gold mining company focused on exploration, development and production primarily in Mexico. The San Francisco mine in Sonora, Mexico, and the Ana Paula development project in Guerrero, Mexico, are owned by Alio Gold Inc., formerly known as Timmins Gold Corp., headquartered in Vancouver. , in Canada.
In a research note, on Friday, March 23, Raymond James ranked Alio Gold from an "underperforming" rating to a "performing market" rating. Note in a research note on Tuesday, March 20th Finally, UBS Group took Alio Gold from an "underperforming" rating to a "market performer" rating in a research note on Friday, March 23. Five badysts from Research rated the stock with a conservation rating and two awarded a buy-to-action rating.The stock has an average rating of "Hold" and an average price target of 4, $ 50.
NYSEAMERICAN shares: ALO's traded up $ 0.01 on Tuesday, reaching $ 1.42. The stock had a trading volume of 3,308 shares, compared at an average volume of 189 099. Alio Gold has a twelve-month low of $ 1.32 and a twelve-month high of $ 4.94.
Alio Gold (NYSEAMERICAN: ALO) has announced for the last times its quarterly results on Wednesday, May 9. The company reported earnings per share of $ 0.07 for the quarter, exceeding by $ 0.09 Thomson Reu's consensus estimate ters ($ 0.02) .The company achieved a turnover of $ 23.34 million for the quarter.
Several hedge funds and other institutional investors have recently changed their positions on ALO. Aegis Financial Corp. increased its position in Alio Gold shares by 127.8% in the first quarter. Aegis Financial Corp now holds 1,452,242 shares of the company valued at $ 2,828,000 after purchasing 814,665 additional shares during the period. Renaissance Technologies LLC increased its ownership interest in Alio Gold by 37.3% in the fourth quarter. Renaissance Technologies LLC now holds 937,780 shares of the Company valued at $ 3,442,000 after purchasing an additional 254,930 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Alio Gold by 59.6% in the first quarter. JPMorgan Chase & Co. now holds 486,150 shares of the Company valued at $ 948,000 after purchasing 181,500 additional shares during the last quarter. Deutsche Bank AG increased its stake in Alio Gold by 436.7% in the fourth quarter. Deutsche Bank AG now holds 195,902 shares of the company valued at $ 718,000 after purchasing 159,398 additional shares in the last quarter. Finally, Two Sigma Investments LP acquired a new interest in Alio Gold in the fourth quarter, valued at approximately $ 328,000.
About Alio Gold
Alio Gold Inc., Through its subsidiaries, engages in the acquisition, l & # 39; exploration, development and exploitation of mining properties in Mexico. He sells mostly gold and silver. The Company's main badets include its 100% San Francisco open pit heap leach mine operating in Sonora, Mexico; and her stage of development at 100% Ana Paula Project in Guerrero, Mexico
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