Alio Gold Inc (NYSE:ALO) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 99,897 shares, a decline of 80.0% from the July 14th total of 498,242 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 100,815 shares, the short-interest ratio is presently 1.0 days.
A number of hedge funds have recently made changes to their positions in the stock. Aegis Financial Corp purchased a new stake in shares of Alio Gold during the second quarter worth approximately $1,103,000. FMR LLC purchased a new stake in shares of Alio Gold during the second quarter worth approximately $168,000. Loews Corp purchased a new stake in shares of Alio Gold during the second quarter worth approximately $593,000. AXA purchased a new stake in shares of Alio Gold during the second quarter worth approximately $480,000. Finally, AGF Investments Inc. purchased a new stake in shares of Alio Gold during the second quarter worth approximately $730,000.
Alio Gold (NYSE:ALO) opened at 4.11 on Friday. The company has a market cap of $146.16 million and a P/E ratio of 2.81. The company has a 50-day moving average of $4.39 and a 200 day moving average of $4.25. Alio Gold has a one year low of $2.70 and a one year high of $6.06.
Alio Gold (NYSE:ALO) last announced its earnings results on Thursday, August 10th. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.09. The business had revenue of $27.07 million for the quarter, compared to analyst estimates of $25 million. Equities research analysts predict that Alio Gold will post $0.26 EPS for the current year.
Several equities research analysts recently issued reports on ALO shares. Zacks Investment Research lowered shares of Alio Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 19th. BMO Capital Markets raised shares of Alio Gold from an “underperform” rating to a “market perform” rating in a research note on Friday.
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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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