Alio Gold Inc (NYSE:ALO) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Alio Gold Inc (NYSE:ALO) from an underperform rating to a market perform rating in a report released on Friday.

Separately, Zacks Investment Research downgraded shares of Alio Gold from a buy rating to a hold rating in a research report on Monday, July 24th.

Shares of Alio Gold (NYSE:ALO) traded down 1.95% during midday trading on Friday, hitting $4.03. 39,594 shares of the company were exchanged. The firm’s 50 day moving average price is $4.39 and its 200 day moving average price is $4.25. The firm has a market capitalization of $143.31 million and a price-to-earnings ratio of 2.92. Alio Gold has a one year low of $0.45 and a one year high of $6.28.

Alio Gold (NYSE:ALO) last released its earnings results on Thursday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.09. The company had revenue of $27.07 million for the quarter, compared to analyst estimates of $25 million. Analysts forecast that Alio Gold will post $0.26 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC bought a new position in Alio Gold during the second quarter worth about $168,000. American Century Companies Inc. bought a new position in Alio Gold during the second quarter worth about $169,000. Commerzbank Aktiengesellschaft FI bought a new position in Alio Gold during the second quarter worth about $198,000. AXA bought a new position in Alio Gold during the second quarter worth about $480,000. Finally, Loews Corp bought a new position in Alio Gold during the second quarter worth about $593,000.

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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