Alio Gold Inc (NYSE:ALO) has been assigned a consensus broker rating score of 1.75 (Buy) from the four analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating on the company.

Brokers have set a 1-year consensus price objective of $7.28 for the company and are predicting that the company will post $0.03 earnings per share for the current quarter, according to Zacks. Zacks has also given Alio Gold an industry rank of 121 out of 265 based on the ratings given to related companies.

A number of research firms recently issued reports on ALO. Zacks Investment Research raised shares of Alio Gold from a “hold” rating to a “strong-buy” rating and set a $4.75 price objective on the stock in a report on Thursday, October 19th. Royal Bank Of Canada reissued a “hold” rating and issued a $7.00 price objective on shares of Alio Gold in a report on Monday, October 23rd. Finally, BMO Capital Markets raised shares of Alio Gold from an “underperform” rating to a “market perform” rating in a report on Friday, August 11th.

Several institutional investors and hedge funds have recently bought and sold shares of ALO. Sentry Investments Corp. purchased a new position in shares of Alio Gold in the second quarter worth approximately $6,630,000. Acadian Asset Management LLC purchased a new position in shares of Alio Gold in the second quarter worth approximately $1,566,000. Aegis Financial Corp purchased a new position in shares of Alio Gold in the second quarter worth approximately $1,103,000. U S Global Investors Inc. purchased a new position in shares of Alio Gold in the second quarter worth approximately $832,000. Finally, AGF Investments Inc. purchased a new position in shares of Alio Gold in the second quarter worth approximately $730,000.

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Alio Gold (NYSE:ALO) traded down 1.2743% during mid-day trading on Friday, hitting $3.9589. 45,934 shares of the stock traded hands. Alio Gold has a 1-year low of $2.70 and a 1-year high of $6.06. The company’s 50 day moving average price is $4.31 and its 200-day moving average price is $4.43. The stock has a market cap of $172.90 million and a price-to-earnings ratio of 3.0083.

Alio Gold (NYSE:ALO) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.09. The business had revenue of $27.07 million during the quarter, compared to analysts’ expectations of $25.00 million. Analysts predict that Alio Gold will post $0.40 earnings per share for the current 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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