Alio Gold Inc (NYSEAMERICAN:ALO) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 1,540,528 shares, a decline of 0.7% from the September 28th total of 1,551,918 shares. Based on an average trading volume of 221,758 shares, the short-interest ratio is currently 6.9 days.
ALO has been the topic of a number of research analyst reports. Zacks Investment Research raised Alio Gold from a “sell” rating to a “hold” rating in a research note on Monday, October 15th. Clarus Securities lowered Alio Gold from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. Four equities research 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.
NYSEAMERICAN ALO traded down $0.01 on Friday, reaching $0.71. 280,300 shares of the company were exchanged, compared to its average volume of 217,942. Alio Gold has a fifty-two week low of $0.63 and a fifty-two week high of $3.93.
Alio Gold (NYSEAMERICAN:ALO) last released its quarterly earnings data on Thursday, November 8th. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.02). The business had revenue of $27.94 million during the quarter.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CIBC World Markets Inc. boosted its stake in Alio Gold by 131.8% during the second quarter. CIBC World Markets Inc. now owns 151,180 shares of the company’s stock worth $221,000 after buying an additional 85,956 shares during the last quarter. First Manhattan Co. acquired a new position in Alio Gold during the third quarter worth $677,000. Donald Smith & CO. Inc. boosted its stake in Alio Gold by 19.6% during the second quarter. Donald Smith & CO. Inc. now owns 616,254 shares of the company’s stock worth $900,000 after buying an additional 100,834 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Alio Gold by 59.6% during the first quarter. JPMorgan Chase & Co. now owns 486,150 shares of the company’s stock worth $948,000 after buying an additional 181,500 shares during the last quarter. Finally, Formula Growth Ltd. acquired a new position in Alio Gold during the second quarter worth $1,853,000.
Alio Gold Company Profile
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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