Brokerages Set $7.73 Target Price for Alio Gold Inc (ALO)

Alio Gold Inc (NYSE:ALO) has received a consensus broker rating score of 1.75 (Buy) from the four analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. Alio Gold’s rating score has declined by 40% from 90 days ago as a result of various analysts’ upgrades and downgrades.

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Brokers have set a 12-month consensus target price of $7.73 for the company and are anticipating that the company will post $0.06 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Alio Gold an industry rank of 188 out of 265 based on the ratings given to related companies.

Several research firms have weighed in on ALO. BMO Capital Markets raised Alio Gold from an “underperform” rating to a “market perform” rating in a research report on Friday, August 11th. Zacks Investment Research cut Alio Gold from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.

Hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new stake in Alio Gold during the second quarter valued at $125,000. FMR LLC purchased a new stake in Alio Gold during the second quarter valued at $168,000. American Century Companies Inc. purchased a new stake in Alio Gold during the second quarter valued at $169,000. Royal Bank of Canada purchased a new stake in Alio Gold during the second quarter valued at $175,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in Alio Gold during the second quarter valued at $198,000.

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Alio Gold (ALO) traded up 0.51% during trading on Friday, hitting $3.92. The stock had a trading volume of 111,551 shares. The company has a 50-day moving average of $4.20 and a 200-day moving average of $4.26. The stock has a market capitalization of $171.21 million and a P/E ratio of 2.84. Alio Gold has a 52 week low of $2.70 and a 52 week high of $6.06.

Alio Gold (NYSE:ALO) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.09. The firm had revenue of $27.07 million for the quarter, compared to the consensus estimate of $25 million. On average, equities analysts expect that Alio Gold will post $0.43 earnings per share for the current fiscal year.

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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