Alio Gold (NYSEAMERICAN:ALO) posted its quarterly earnings data on Thursday. The company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02), Morningstar.com reports. The company had revenue of $27.94 million for the quarter.
NYSEAMERICAN ALO traded down $0.01 on Friday, reaching $0.72. 4,000 shares of the company’s stock traded hands, compared to its average volume of 217,654. Alio Gold has a 12 month low of $0.63 and a 12 month high of $3.93.
Several research analysts recently weighed in on ALO shares. Zacks Investment Research upgraded shares of Alio Gold from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th. Clarus Securities cut shares of Alio Gold from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Four research analysts have rated the stock with a hold rating, Alio Gold has an average rating of “Hold” and an average target price of $2.00.
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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