AGF Investments Inc. purchased a new stake in shares of Alio Gold Inc (NYSE:ALO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 161,100 shares of the company’s stock, valued at approximately $730,000. AGF Investments Inc. owned about 0.45% of Alio Gold as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. bought a new position in Alio Gold during the 2nd quarter valued at about $169,000. Commerzbank Aktiengesellschaft FI bought a new position in Alio Gold during the 2nd quarter valued at about $198,000. Acadian Asset Management LLC bought a new position in Alio Gold during the 2nd quarter valued at about $1,566,000. Finally, Sentry Investments Corp. bought a new position in Alio Gold during the 2nd quarter valued at about $6,630,000.
Alio Gold Inc (ALO) opened at 4.27 on Tuesday. Alio Gold Inc has a 52 week low of $2.70 and a 52 week high of $6.06. The firm has a 50 day moving average of $4.12 and a 200-day moving average of $4.29. The company has a market capitalization of $186.49 million and a P/E ratio of 3.24.
Alio Gold (NYSE:ALO) last posted its earnings results on Thursday, August 10th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.09. The company had revenue of $27.07 million during the quarter, compared to the consensus estimate of $25 million. On average, analysts forecast that Alio Gold Inc will post $0.43 earnings per share for the current year.
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Several equities analysts recently issued reports on ALO shares. Zacks Investment Research raised shares of Alio Gold from a “sell” rating to a “buy” rating and set a $5.00 price target for the company in a report on Tuesday, July 18th. BMO Capital Markets raised shares of Alio Gold from an “underperform” rating to a “market perform” rating in a report on Friday, August 11th.
Alio Gold 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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