Alio Gold Inc (ALO) Receives Average Rating of “Hold” from Brokerages

Shares of Alio Gold Inc (NYSEAMERICAN:ALO) have earned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

Several analysts have issued reports on the company. Zacks Investment Research raised Alio Gold from a “sell” rating to a “hold” rating in a research note on Monday, October 15th. Royal Bank of Canada downgraded Alio Gold from a “sector perform” rating to an “underperform” rating in a research note on Thursday, January 17th.

Alio Gold stock traded down $0.02 during mid-day trading on Thursday, hitting $0.75. 7,426 shares of the company’s stock were exchanged, compared to its average volume of 262,485. Alio Gold has a fifty-two week low of $0.63 and a fifty-two week high of $3.69.

Alio Gold (NYSEAMERICAN:ALO) last issued its quarterly earnings data on Thursday, November 8th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). The company had revenue of $27.94 million during the quarter.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its holdings in shares of Alio Gold by 5.7% in the 3rd quarter. Renaissance Technologies LLC now owns 1,520,814 shares of the company’s stock valued at $1,213,000 after acquiring an additional 82,234 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Alio Gold in the 3rd quarter valued at about $189,000. U S Global Investors Inc grew its holdings in shares of Alio Gold by 43.4% in the 3rd quarter. U S Global Investors Inc now owns 1,232,923 shares of the company’s stock valued at $983,000 after acquiring an additional 372,923 shares in the last quarter. Donald Smith & CO. Inc. grew its holdings in shares of Alio Gold by 945.1% in the 3rd quarter. Donald Smith & CO. Inc. now owns 6,440,309 shares of the company’s stock valued at $5,137,000 after acquiring an additional 5,824,055 shares in the last quarter. Finally, First Manhattan Co. bought a new position in shares of Alio Gold in the 3rd quarter valued at about $677,000.

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.

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