Somewhat Positive Press Coverage Somewhat Unlikely to Affect Alio Gold (NYSE:ALO) Share Price

Media coverage about Alio Gold (NYSE:ALO) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Alio Gold earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.644924642773 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the headlines that may have impacted Accern’s analysis:

ALO has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Alio Gold from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 19th. BMO Capital Markets raised shares of Alio Gold from an “underperform” rating to a “market perform” rating in a research note on Friday.

Shares of Alio Gold (NYSE ALO) traded up 3.20% on Friday, reaching $4.11. 114,049 shares of the company traded hands. Alio Gold has a 52-week low of $0.45 and a 52-week high of $6.28. The firm has a 50-day moving average of $4.39 and a 200-day moving average of $4.25. The company has a market capitalization of $146.16 million and a PE ratio of 2.98.

Alio Gold (NYSE:ALO) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.09. The firm had revenue of $27.07 million for the quarter, compared to analysts’ expectations of $25 million. On average, equities research analysts forecast that Alio Gold will post $0.26 earnings per share for the current fiscal year.

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About Alio Gold

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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