Alio Gold (ALO) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

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.

A number of hedge funds and other institutional investors have recently modified their holdings of ALO. Donald Smith & CO. Inc. grew its position in Alio Gold by 945.1% during the third quarter. Donald Smith & CO. Inc. now owns 6,440,309 shares of the company’s stock valued at $5,137,000 after acquiring an additional 5,824,055 shares during the last quarter. Van ECK Associates Corp bought a new position in Alio Gold during the second quarter valued at approximately $4,645,000. Formula Growth Ltd. bought a new position in Alio Gold during the second quarter valued at approximately $1,853,000. First Manhattan Co. bought a new position in Alio Gold during the third quarter valued at approximately $677,000. Finally, JPMorgan Chase & Co. grew 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 during the last quarter.

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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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Earnings History for Alio Gold (NYSEAMERICAN:ALO)

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