Analysts Issue Forecasts for Alio Gold Inc’s FY2019 Earnings (ALO)
Alio Gold Inc (NYSEAMERICAN:ALO) – Research analysts at Raymond James issued their FY2019 earnings per share (EPS) estimates for shares of Alio Gold in a research report issued on Monday, April 8th. Raymond James analyst F. Hamed forecasts that the company will post earnings of $0.05 per share for the year.
Alio Gold (NYSEAMERICAN:ALO) last issued its quarterly earnings data on Wednesday, March 13th. The company reported ($0.18) earnings per share (EPS) for the quarter. The business had revenue of $27.02 million during the quarter.
Shares of NYSEAMERICAN ALO opened at $0.79 on Thursday. Alio Gold has a 52-week low of $0.63 and a 52-week high of $2.12.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ruffer LLP bought a new position in shares of Alio Gold during the 4th quarter valued at $4,706,000. First Manhattan Co. lifted its holdings in shares of Alio Gold by 41.7% during the 4th quarter. First Manhattan Co. now owns 1,204,250 shares of the company’s stock valued at $1,011,000 after buying an additional 354,250 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Alio Gold by 5.7% during the 3rd quarter. Renaissance Technologies LLC now owns 1,520,814 shares of the company’s stock valued at $1,213,000 after buying an additional 82,234 shares during the period. Finally, Citadel Advisors LLC bought a new position in shares of Alio Gold during the 3rd quarter valued at $189,000.
About Alio Gold
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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