Analysts Set Alio Gold Inc (ALO) Price Target at $8.38
Shares of Alio Gold Inc (TSE:ALO) have received an average recommendation of “Buy” from the five brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$8.38.
ALO has been the topic of a number of research reports. Royal Bank Of Canada dropped their price objective on Alio Gold from C$8.00 to C$7.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 11th. BMO Capital Markets restated an “underperform” rating and issued a C$6.00 price objective on shares of Alio Gold in a report on Friday, July 21st. Raymond James Financial, Inc. increased their price objective on Alio Gold from C$9.50 to C$10.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. TD Securities dropped their price objective on Alio Gold from C$11.50 to C$10.50 and set a “buy” rating on the stock in a report on Friday, August 11th. Finally, National Bank Financial restated an “outperform” rating on shares of Alio Gold in a report on Tuesday, October 17th.
Alio Gold (ALO) traded down 3.05% during midday trading on Thursday, reaching $5.09. 132,207 shares of the company’s stock traded hands. The stock has a market capitalization of $227.37 million and a price-to-earnings ratio of 2.85. Alio Gold has a 52 week low of $4.82 and a 52 week high of $7.99. The company’s 50-day moving average price is $5.41 and its 200 day moving average price is $5.72.
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About Alio Gold
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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