Alio Gold (ALO) Reaches $5.70 After 9.00% Up Move; Bank Of Nova Scotia Trust Company Has Trimmed Its Toronto Dominion Bk Ont (TD) Stake

July 17, 2017 - By Marguerite Chambers

The stock of Alio Gold Inc (TSE:ALO) is a huge mover today! About 107,101 shares traded. Alio Gold Inc (TSE:ALO) has 0.00% since July 17, 2016 and is . It has underperformed by 16.70% the S&P500.The move comes after 6 months positive chart setup for the $199.99M company. It was reported on Jul, 17 by Barchart.com. We have $6.21 PT which if reached, will make TSE:ALO worth $18.00 million more.

Bank Of Nova Scotia Trust Company decreased Toronto Dominion Bk Ont (TD) stake by 6.29% reported in 2016Q4 SEC filing. Bank Of Nova Scotia Trust Company sold 93,822 shares as Toronto Dominion Bk Ont (TD)’s stock declined 12.05%. The Bank Of Nova Scotia Trust Company holds 1.40M shares with $68.93M value, down from 1.49M last quarter. Toronto Dominion Bk Ont now has $95.00B valuation. The stock declined 0.74% or $0.38 reaching $51.17 per share. About 652,300 shares traded. Toronto-Dominion Bank (NYSE:TD) has risen 8.67% since July 17, 2016 and is uptrending. It has underperformed by 8.03% the S&P500.

Analysts await Alio Gold Inc (TSE:ALO) to report earnings on August, 10. They expect $0.01 earnings per share, down 95.00% or $0.19 from last year’s $0.2 per share. ALO’s profit will be $350,860 for 142.50 P/E if the $0.01 EPS becomes a reality. After $0.20 actual earnings per share reported by Alio Gold Inc for the previous quarter, Wall Street now forecasts -95.00% negative EPS growth.

Alio Gold Inc, formerly Timmins Gold Corp, is a Canada gold producer engaged in the operation, development, exploration and acquisition of resource properties in Mexico through its subsidiaries, Timmins Goldcorp Mexico, S.A. de C.V. and Molimentales del Noroeste, S.A. de C.V. . The company has market cap of $199.99 million. MdN owns the San Francisco Mine in Sonora, Mexico. It has a 3.09 P/E ratio. MdN also owns the Caballo Blanco Property, an exploration and evaluation asset in Veracruz, Mexico.

Bank Of Nova Scotia Trust Company increased Bank N S Halifax (NYSE:BNS) stake by 374,786 shares to 1.11 million valued at $61.67M in 2016Q4. It also upped Brookfield Asset Mgmt Inc (NYSE:BAM) stake by 27,124 shares and now owns 118,051 shares. Intel Corp (NASDAQ:INTC) was raised too.

Among 10 analysts covering TD Bank (NYSE:TD), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. TD Bank had 21 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by Citigroup on Wednesday, September 14 with “Buy”. On Friday, August 28 the stock rating was maintained by Scotia Capital with “Sector Perform”. The rating was downgraded by IBC to “Sector Performer” on Friday, August 26. The rating was downgraded by RBC Capital Markets on Monday, March 13 to “Sector Perform”. The rating was upgraded by Credit Suisse to “Outperform” on Tuesday, May 3. The stock of Toronto-Dominion Bank (NYSE:TD) has “Buy” rating given on Tuesday, November 1 by Bank of America. On Tuesday, May 23 the stock rating was upgraded by Barclays Capital to “Equal-Weight”. RBC Capital Markets maintained it with “Outperform” rating and $61 target in Friday, August 28 report. As per Monday, September 21, the company rating was downgraded by Credit Suisse. BMO Capital Markets maintained the stock with “Outperform” rating in Monday, August 31 report.

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