Alio Gold Inc (ALO) Receives Average Recommendation of “Buy” from Analysts
Alio Gold Inc (TSE:ALO) has earned an average recommendation of “Buy” from the six ratings firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$8.20.
A number of equities research analysts recently weighed in on the company. BMO Capital Markets restated an “underperform” rating and set a C$6.00 price objective on shares of Alio Gold in a research report on Friday, July 21st. Raymond James Financial, Inc. boosted their price objective on Alio Gold from C$9.50 to C$10.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. National Bank Financial restated an “outperform” rating on shares of Alio Gold in a research report on Tuesday, October 17th. TD Securities reduced their price objective on Alio Gold from C$11.50 to C$10.50 and set a “buy” rating on the stock in a research report on Friday, August 11th. Finally, Scotiabank restated a “sector perform” rating and set a C$7.50 price objective on shares of Alio Gold in a research report on Friday.
Shares of Alio Gold (TSE:ALO) opened at C$4.50 on Monday. Alio Gold has a 52-week low of C$4.47 and a 52-week high of C$7.99.
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 explores for gold deposits. The company holds a 100 % interest in the Ana Paula Property in Guerrero, Mexico. The company was formerly known as Timmins Gold Corp.
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