Alio Gold (ALO) Issues Earnings Results

Alio Gold (NYSEAMERICAN:ALO) released its quarterly earnings results on Thursday. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02), Morningstar.com reports. The business had revenue of $27.94 million during the quarter.

Shares of NYSEAMERICAN:ALO traded down $0.01 during trading on Friday, hitting $0.71. The stock had a trading volume of 280,344 shares, compared to its average volume of 217,942. Alio Gold has a 12-month low of $0.63 and a 12-month high of $3.93.

Large investors have recently made changes to their positions in the company. CIBC World Markets Inc. raised its position in Alio Gold by 131.8% during the second quarter. CIBC World Markets Inc. now owns 151,180 shares of the company’s stock valued at $221,000 after acquiring an additional 85,956 shares in the last quarter. Renaissance Technologies LLC raised its position in Alio Gold by 7.2% during the second quarter. Renaissance Technologies LLC now owns 1,438,580 shares of the company’s stock valued at $2,100,000 after acquiring an additional 96,000 shares in the last quarter. Donald Smith & CO. Inc. raised its position in Alio Gold by 19.6% during the second quarter. Donald Smith & CO. Inc. now owns 616,254 shares of the company’s stock valued at $900,000 after acquiring an additional 100,834 shares in the last quarter. JPMorgan Chase & Co. raised its position in Alio Gold by 59.6% during the first quarter. JPMorgan Chase & Co. now owns 486,150 shares of the company’s stock valued at $948,000 after acquiring an additional 181,500 shares in the last quarter. Finally, First Manhattan Co. purchased a new position in Alio Gold during the third quarter valued at approximately $677,000.

Several brokerages have recently issued reports on ALO. Clarus Securities cut Alio Gold from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. Zacks Investment Research upgraded Alio Gold from a “sell” rating to a “hold” rating in a research note on Thursday, August 23rd. Four analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average target price of $2.00.

TRADEMARK VIOLATION WARNING: “Alio Gold (ALO) Issues Earnings Results” was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this article on another website, it was illegally copied and reposted in violation of US & international copyright and trademark law. The original version of this article can be accessed at https://sportsperspectives.com/2018/11/09/alio-gold-alo-issues-earnings-results.html.

About Alio Gold

Alio Gold Inc, through its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral resource properties in Mexico. It primarily sells gold and silver. The company's principal assets include its 100% owned and operating San Francisco open-pit, heap leach gold mine in Sonora, Mexico; and its 100%-owned development stage Ana Paula Project in Guerrero, Mexico.

Recommended Story: Short Selling

Earnings History for Alio Gold (NYSEAMERICAN:ALO)

Receive News & Ratings for Alio Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alio Gold and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply