Alio Gold (ALO) Lowered to “D+” at TheStreet

TheStreet downgraded shares of Alio Gold (NYSEAMERICAN:ALO) from a c- rating to a d+ rating in a research note released on Tuesday morning.

Separately, Zacks Investment Research lowered Alio Gold from a buy rating to a hold rating in a research note on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $5.50.

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Shares of Alio Gold (ALO) opened at $2.03 on Tuesday. Alio Gold has a 52 week low of $1.70 and a 52 week high of $6.06. The stock has a market capitalization of $112.14, a PE ratio of 6.77 and a beta of -0.56.

Alio Gold (NYSEAMERICAN:ALO) last released its earnings results on Wednesday, February 21st. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The firm had revenue of $20.59 million during the quarter.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALO. CIBC World Markets Inc. raised its position in Alio Gold by 81.8% during the 4th quarter. CIBC World Markets Inc. now owns 38,000 shares of the company’s stock valued at $139,000 after purchasing an additional 17,100 shares during the last quarter. Scotia Capital Inc. raised its position in Alio Gold by 129.2% during 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 during the last quarter. Geode Capital Management LLC purchased a new position in shares of Alio Gold during the 4th quarter worth approximately $121,000. Royal Bank of Canada purchased a new position in shares of Alio Gold during the 2nd quarter worth approximately $175,000. Finally, American Century Companies Inc. grew its holdings in shares of Alio Gold by 112.3% during the 3rd quarter. American Century Companies Inc. now owns 79,400 shares of the company’s stock worth $350,000 after acquiring an additional 42,000 shares during the period.

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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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