Alio Gold Inc (NYSEAMERICAN:ALO) was the recipient of a significant increase in short interest in January. As of January 31st, there was short interest totalling 1,013,630 shares, an increase of 3.2% from the January 15th total of 981,941 shares. Based on an average trading volume of 273,171 shares, the days-to-cover ratio is currently 3.7 days.
Institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new position in shares of Alio Gold in the third quarter valued at approximately $189,000. First Manhattan Co. acquired a new stake in Alio Gold during the 3rd quarter valued at approximately $677,000. U S Global Investors Inc increased its position in Alio Gold by 43.4% during the 3rd quarter. U S Global Investors Inc now owns 1,232,923 shares of the company’s stock valued at $983,000 after purchasing an additional 372,923 shares during the period. Renaissance Technologies LLC increased its position in Alio Gold by 7.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,438,580 shares of the company’s stock valued at $2,100,000 after purchasing an additional 96,000 shares during the period. Finally, Ruffer LLP acquired a new stake in Alio Gold during the 4th quarter valued at approximately $4,706,000.
Shares of Alio Gold stock traded down $0.04 on Monday, hitting $0.77. The stock had a trading volume of 88,200 shares, compared to its average volume of 239,518. Alio Gold has a twelve month low of $0.63 and a twelve month high of $3.28.
Alio Gold (NYSEAMERICAN:ALO) last released its quarterly earnings data on Thursday, November 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). The firm had revenue of $27.94 million during the quarter.
Several research firms have recently issued reports on ALO. Zacks Investment Research raised Alio Gold from a “sell” rating to a “hold” rating in a research note on Monday, October 15th. Royal Bank of Canada downgraded Alio Gold from a “sector perform” rating to an “underperform” rating in a research note on Thursday, January 17th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $2.00.
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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