U S Global Investors Inc lifted its position in Alio Gold Inc (NYSEAMERICAN:ALO) by 43.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,232,923 shares of the company’s stock after acquiring an additional 372,923 shares during the period. U S Global Investors Inc owned 1.46% of Alio Gold worth $983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALO. Donald Smith & CO. Inc. boosted its holdings in Alio Gold by 945.1% in the third quarter. Donald Smith & CO. Inc. now owns 6,440,309 shares of the company’s stock valued at $5,137,000 after purchasing an additional 5,824,055 shares during the last quarter. Van ECK Associates Corp purchased a new stake in Alio Gold in the second quarter valued at $4,645,000. Renaissance Technologies LLC boosted its holdings in Alio Gold by 7.2% in the second 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 last quarter. Formula Growth Ltd. purchased a new stake in Alio Gold in the second quarter valued at $1,853,000. Finally, First Manhattan Co. purchased a new stake in Alio Gold in the third quarter valued at $677,000.
ALO opened at $0.72 on Wednesday. Alio Gold Inc has a twelve month low of $0.63 and a twelve month high of $3.93.
Alio Gold (NYSEAMERICAN:ALO) last posted its quarterly earnings results on Thursday, November 8th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company had revenue of $27.94 million during the quarter.
Several research firms have commented on ALO. Zacks Investment Research raised shares of Alio Gold from a “sell” rating to a “hold” rating in a report on Monday, October 15th. Clarus Securities lowered shares of Alio Gold from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Four research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average price target of $2.00.
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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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