Alio Gold (ALO) Stock Price Up 13.7%
Alio Gold Inc (TSE:ALO) rose 13.7% during mid-day trading on Friday . The company traded as high as C$0.86 and last traded at C$0.83. Approximately 226,694 shares traded hands during trading, an increase of 121% from the average daily volume of 102,714 shares. The stock had previously closed at C$0.73.
ALO has been the topic of a number of analyst reports. Cormark lowered their target price on shares of Alio Gold from C$2.50 to C$1.80 in a report on Thursday, March 14th. TD Securities decreased their price target on shares of Alio Gold from C$3.75 to C$2.50 and set a “buy” rating on the stock in a report on Thursday, March 14th. Pi Financial decreased their price target on shares of Alio Gold from C$1.90 to C$1.60 in a report on Monday, March 25th. Finally, Raymond James reaffirmed an “underperform” rating and issued a C$1.00 price target on shares of Alio Gold in a report on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of C$1.61.
The firm has a market capitalization of $69.46 million and a price-to-earnings ratio of -4.06. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.99 and a current ratio of 2.95.
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Alio Gold Company Profile (TSE:ALO)
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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