Alio Gold (ALO) Rating Lowered to Hold at Zacks Investment Research

Alio Gold (NYSEAMERICAN:ALO) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Alio Gold Inc. is a gold mining company. It engaged in exploration, development and production primarily in Mexico. The company’s principal assets include the producing San Francisco mine in Sonora, Mexico and the development stage Ana Paula project in Guerrero, Mexico. Alio Gold Inc, formerly known as Timmins Gold Corp, is headquartered in Vancouver, Canada. “

A number of other brokerages have also recently issued reports on ALO. Royal Bank of Canada reaffirmed a “hold” rating and issued a $7.00 target price on shares of Alio Gold in a report on Monday, October 23rd. National Bank Financial reaffirmed an “outperform” rating on shares of Alio Gold in a report on Tuesday, October 17th. Finally, ValuEngine raised shares of Alio Gold from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $5.25.

Alio Gold (ALO) opened at $3.66 on Tuesday. Alio Gold has a 1-year low of $2.82 and a 1-year high of $6.06. The stock has a market cap of $161.29, a PE ratio of 6.20 and a beta of -0.78.

Several hedge funds have recently added to or reduced their stakes in ALO. Cubist Systematic Strategies LLC acquired a new stake in shares of Alio Gold in the second quarter valued at approximately $125,000. FMR LLC acquired a new stake in shares of Alio Gold in the second quarter valued at approximately $168,000. American Century Companies Inc. acquired a new stake in shares of Alio Gold in the second quarter valued at approximately $169,000. Royal Bank of Canada acquired a new stake in shares of Alio Gold in the second quarter valued at approximately $175,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Alio Gold in the second quarter valued at approximately $198,000.

TRADEMARK VIOLATION NOTICE: This article was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this article on another website, it was illegally copied and republished in violation of U.S. and international copyright and trademark law. The original version of this article can be accessed at https://www.chaffeybreeze.com/2018/01/04/alio-gold-alo-rating-lowered-to-hold-at-zacks-investment-research.html.

Alio Gold Company Profile

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alio Gold and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply