Zacks Investment Research upgraded shares of Alio Gold Inc (NYSE:ALO) from a sell rating to a buy rating in a research report report published on Tuesday, July 18th. Zacks Investment Research currently has $5.00 price objective on the stock.
According to Zacks, “Alio Gold Inc. is a gold mining company. It engaged in exploration, development and production primarily in Mexico. The company’s principal assets include the producing San Francisco mine in Sonora, Mexico and the development stage Ana Paula project in Guerrero, Mexico. Alio Gold Inc, formerly known as Timmins Gold Corp, is headquartered in Vancouver, Canada. “
Alio Gold (NYSE ALO) opened at 3.85 on Tuesday. Alio Gold has a 1-year low of $0.45 and a 1-year high of $6.28. The stock has a market capitalization of $136.91 million and a price-to-earnings ratio of 2.63. The firm has a 50-day moving average of $4.71 and a 200-day moving average of $4.25.
WARNING: “Zacks Investment Research Upgrades Alio Gold Inc (NYSE:ALO) to “Buy”” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://stocknewstimes.com/2017/08/05/alio-gold-inc-nysealo-lifted-to-buy-at-zacks-investment-research-updated-updated.html.
An institutional investor recently bought a new position in Alio Gold stock. Acadian Asset Management LLC acquired a new stake in shares of Alio Gold Inc (NYSE:ALO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 346,522 shares of the company’s stock, valued at approximately $1,566,000. Acadian Asset Management LLC owned 0.97% of Alio Gold at the end of the most recent reporting period.
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.
Get a free copy of the Zacks research report on Alio Gold (ALO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Alio Gold Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alio Gold Inc and related companies with MarketBeat.com's FREE daily email newsletter.
