Alio Gold Inc (NYSE:ALO) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 23,464 shares, a decrease of 64.9% from the August 15th total of 66,800 shares. Based on an average daily trading volume, of 101,496 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.
A number of equities research analysts recently weighed in on the stock. BMO Capital Markets raised shares of Alio Gold from an “underperform” rating to a “market perform” rating in a research report on Friday, August 11th. Zacks Investment Research downgraded shares of Alio Gold from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.
Several hedge funds have recently made changes to their positions in ALO. Acadian Asset Management LLC acquired a new position in shares of Alio Gold in the 2nd quarter valued at $1,566,000. American Century Companies Inc. acquired a new position in shares of Alio Gold in the 2nd quarter valued at $169,000. Sentry Investments Corp. acquired a new position in shares of Alio Gold in the 2nd quarter valued at $6,630,000. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Alio Gold in the 2nd quarter valued at $198,000. Finally, AGF Investments Inc. acquired a new position in shares of Alio Gold in the 2nd quarter valued at $730,000.
Shares of Alio Gold (NYSE:ALO) opened at 4.23 on Friday. The company has a market cap of $184.74 million and a P/E ratio of 3.21. Alio Gold has a 12 month low of $2.70 and a 12 month high of $6.06. The company’s 50 day moving average is $4.12 and its 200-day moving average is $4.29.
Alio Gold (NYSE:ALO) last announced its quarterly earnings data on Thursday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.09. The business had revenue of $27.07 million during the quarter, compared to analyst estimates of $25.00 million. Analysts expect that Alio Gold will post $0.43 EPS for the current fiscal year.
WARNING: This piece was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://www.chaffeybreeze.com/2017/09/16/alio-gold-inc-alo-short-interest-update.html.
About Alio Gold
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.
Receive News & Ratings for Alio Gold Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alio Gold Inc and related companies with MarketBeat.com's FREE daily email newsletter.