Alio Gold Inc (NYSEAMERICAN:ALO) – Investment analysts at Beacon Securities reduced their FY2018 EPS estimates for shares of Alio Gold in a research report issued to clients and investors on Thursday. Beacon Securities analyst M. Bandrowski now anticipates that the company will post earnings per share of $0.78 for the year, down from their previous estimate of $0.80. Beacon Securities also issued estimates for Alio Gold’s FY2019 earnings at $0.78 EPS.
Alio Gold (NYSEAMERICAN:ALO) last released its quarterly earnings results on Wednesday, February 21st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The company had revenue of $20.59 million for the quarter.
Alio Gold (ALO) traded up $0.01 during trading on Monday, reaching $2.54. 94,305 shares of the company were exchanged, compared to its average volume of 144,829. Alio Gold has a 1 year low of $2.47 and a 1 year high of $6.06. The firm has a market cap of $117.95, a PE ratio of 8.43 and a beta of -0.84.
Hedge funds have recently made changes to their positions in the business. Scotia Capital Inc. lifted its holdings in Alio Gold by 129.2% in the 4th quarter. Scotia Capital Inc. now owns 30,693 shares of the company’s stock valued at $113,000 after purchasing an additional 17,300 shares in the last quarter. Geode Capital Management LLC purchased a new position in shares of Alio Gold during the 4th quarter worth $121,000. Cubist Systematic Strategies LLC purchased a new position in shares of Alio Gold during the 2nd quarter worth $125,000. CIBC World Markets Inc. raised its holdings in shares of Alio Gold by 81.8% during the 4th quarter. CIBC World Markets Inc. now owns 38,000 shares of the company’s stock worth $139,000 after acquiring an additional 17,100 shares during the period. Finally, FMR LLC purchased a new position in shares of Alio Gold during the 2nd quarter worth $168,000.
TRADEMARK VIOLATION NOTICE: This story was originally published by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://www.tickerreport.com/banking-finance/3228444/fy2018-eps-estimates-for-alio-gold-inc-alo-decreased-by-analyst.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.
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.