Alio Gold Inc (NYSE:ALO) Issues Earnings Results

Alio Gold Inc (NYSE:ALO) posted its quarterly earnings data on Thursday. The company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.09, Morningstar.com reports. The company had revenue of $27.07 million for the quarter, compared to analyst estimates of $25 million.

Alio Gold (NYSE:ALO) traded up 2.45% during trading on Friday, reaching $4.08. 86,195 shares of the company’s stock were exchanged. The firm has a market capitalization of $145.09 million and a price-to-earnings ratio of 2.79. Alio Gold has a 52 week low of $2.70 and a 52 week high of $6.30. The stock has a 50-day moving average price of $4.42 and a 200 day moving average price of $4.25.

Separately, Zacks Investment Research cut shares of Alio Gold from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.

Several large investors have recently added to or reduced their stakes in ALO. Sentry Investments Corp. acquired a new stake in Alio Gold during the second quarter valued at approximately $6,630,000. Acadian Asset Management LLC acquired a new stake in Alio Gold during the second quarter valued at approximately $1,566,000. AGF Investments Inc. acquired a new stake in Alio Gold during the second quarter valued at approximately $730,000. Loews Corp acquired a new stake in Alio Gold during the second quarter valued at approximately $593,000. Finally, AXA acquired a new stake in Alio Gold during the second quarter valued at approximately $480,000.

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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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