Alio Gold (ALO) Downgraded by BMO Capital Markets

BMO Capital Markets cut shares of Alio Gold (NYSEAMERICAN:ALO) from a market perform rating to an underperform rating in a research note released on Sunday morning, The Fly reports.

Separately, Royal Bank of Canada lowered shares of Alio Gold from a sector perform rating to an underperform rating in a research report on Thursday, January 17th.

NYSEAMERICAN ALO opened at $0.57 on Friday. Alio Gold has a 52-week low of $0.55 and a 52-week high of $1.88.

Alio Gold (NYSEAMERICAN:ALO) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). The business had revenue of $31.41 million for the quarter.

Large investors have recently added to or reduced their stakes in the company. GWM Advisors LLC bought a new position in shares of Alio Gold during the 1st quarter worth about $52,000. First Manhattan Co. lifted its holdings in shares of Alio Gold by 12.4% during the 1st quarter. First Manhattan Co. now owns 1,354,000 shares of the company’s stock worth $973,000 after acquiring an additional 149,750 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Alio Gold by 1.9% during the 1st quarter. Renaissance Technologies LLC now owns 1,364,382 shares of the company’s stock worth $981,000 after acquiring an additional 25,700 shares during the period. Finally, Ruffer LLP bought a new position in shares of Alio Gold during the 4th quarter worth about $4,706,000.

Alio Gold Company Profile

Alio Gold Inc, through its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral resource properties. The company primarily mines for gold and silver. It holds 100% interests in San Francisco open pit gold mine that covers an area of approximately 53,380 hectares situated in the north central portion of the state of Sonora, Mexico; Florida Canyon open pit mine covering an area of approximately 11,886 hectares located in Nevada, the United States; and Ana Paula property situated in the state of Guerrero, Mexico.

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