Cubist Systematic Strategies LLC Invests $125,000 in Alio Gold Inc (ALO) Stock
Cubist Systematic Strategies LLC bought a new position in shares of Alio Gold Inc (NYSE:ALO) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 27,500 shares of the company’s stock, valued at approximately $125,000. Cubist Systematic Strategies LLC owned 0.08% of Alio Gold as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC purchased a new stake in Alio Gold during the 2nd quarter worth approximately $168,000. American Century Companies Inc. purchased a new stake in Alio Gold during the 2nd quarter worth approximately $169,000. Royal Bank of Canada purchased a new stake in Alio Gold during the 2nd quarter worth approximately $175,000. Commerzbank Aktiengesellschaft FI purchased a new stake in Alio Gold during the 2nd quarter worth approximately $198,000. Finally, AXA purchased a new stake in Alio Gold during the 2nd quarter worth approximately $480,000.
Several equities research analysts recently weighed in on the stock. BMO Capital Markets raised shares of Alio Gold from an “underperform” rating to a “market perform” rating in a research note on Friday, August 11th. Zacks Investment Research downgraded shares of Alio Gold from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $7.00 price target on shares of Alio Gold in a report on Monday, October 23rd.
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Alio Gold Inc (NYSE ALO) opened at $3.93 on Tuesday. Alio Gold Inc has a twelve month low of $2.70 and a twelve month high of $6.06.
Alio Gold (NYSE:ALO) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.01 by $0.09. The firm had revenue of $27.07 million for the quarter, compared to analyst estimates of $25.00 million.
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.
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