Alio Gold Inc (NYSEAMERICAN:ALO) was the recipient of a significant increase in short interest in the month of June. As of June 29th, there was short interest totalling 1,327,506 shares, an increase of 48.1% from the June 15th total of 896,158 shares. Based on an average trading volume of 158,459 shares, the short-interest ratio is currently 8.4 days.
Alio Gold traded down $0.07, reaching $1.49, on Wednesday, MarketBeat Ratings reports. The company’s stock had a trading volume of 129,295 shares, compared to its average volume of 194,682. Alio Gold has a 1-year low of $1.32 and a 1-year high of $4.94.
Alio Gold (NYSEAMERICAN:ALO) last posted its earnings results on Wednesday, May 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.09. The business had revenue of $23.34 million during the quarter.
A number of research analysts have issued reports on ALO shares. TheStreet cut Alio Gold from a “c-” rating to a “d+” rating in a research note on Tuesday, March 20th. Zacks Investment Research cut Alio Gold from a “buy” rating to a “hold” rating in a research note on Tuesday. Raymond James raised Alio Gold from an “underperform” rating to a “market perform” rating in a research note on Friday, March 23rd. Finally, UBS Group raised Alio Gold from an “underperform” rating to a “market perform” rating in a research note on Friday, March 23rd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Alio Gold currently has an average rating of “Hold” and an average target price of $4.50.
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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