Alio Gold Inc (NYSEAMERICAN:ALO) has been given a consensus rating of “Hold” by the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $7.00.
ALO has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Alio Gold from a “sell” rating to a “hold” rating in a report on Tuesday, September 18th. Clarus Securities downgraded shares of Alio Gold from a “buy” rating to a “hold” rating in a report on Monday, August 13th.
Shares of ALO stock traded up $0.02 during mid-day trading on Monday, reaching $0.82. 463,900 shares of the company’s stock traded hands, compared to its average volume of 220,077. Alio Gold has a 12 month low of $0.63 and a 12 month high of $4.29.
A number of institutional investors have recently modified their holdings of the stock. CIBC World Markets Inc. lifted its stake in Alio Gold by 131.8% in the 2nd quarter. CIBC World Markets Inc. now owns 151,180 shares of the company’s stock worth $221,000 after purchasing an additional 85,956 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Alio Gold by 7.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,438,580 shares of the company’s stock worth $2,100,000 after purchasing an additional 96,000 shares in the last quarter. Donald Smith & CO. Inc. lifted its stake in Alio Gold by 19.6% in the 2nd quarter. Donald Smith & CO. Inc. now owns 616,254 shares of the company’s stock worth $900,000 after purchasing an additional 100,834 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Alio Gold by 59.6% in the 1st quarter. JPMorgan Chase & Co. now owns 486,150 shares of the company’s stock worth $948,000 after purchasing an additional 181,500 shares in the last quarter. Finally, First Manhattan Co. purchased a new stake in Alio Gold in the 3rd quarter worth $677,000.
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.
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