Alio Gold Inc (TMM) Receives Average Recommendation of “Buy” from Brokerages
Shares of Alio Gold Inc (TSE:TMM) (NYSE:TGD) have received a consensus rating of “Buy” from the seven research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating 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$0.89.
Several equities analysts recently issued reports on the stock. Raymond James Financial, Inc. upped their price objective on shares of Alio Gold from C$0.90 to C$1.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Scotiabank upped their price objective on shares of Alio Gold from C$0.75 to C$0.80 and gave the company a “sector perform” rating in a research note on Monday, May 15th. Clarus Securities reissued a “buy” rating on shares of Alio Gold in a research note on Friday, May 12th. Finally, TD Securities increased their price target on shares of Alio Gold from C$1.00 to C$1.15 and gave the stock a “buy” rating in a research note on Friday, May 12th.
Alio Gold (TSE TMM) traded up 4.84% during mid-day trading on Friday, hitting $0.65. 2,416,427 shares of the stock traded hands. The stock’s 50 day moving average is $0.55 and its 200-day moving average is $0.50. Alio Gold has a 12 month low of $0.30 and a 12 month high of $0.80.
Alio Gold Company Profile
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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