BMO Capital Markets Reaffirms “Market Perform” Rating for Alio Gold Inc (ALO)
Alio Gold Inc (TSE:ALO)‘s stock had its “market perform” rating reiterated by equities researchers at BMO Capital Markets in a research report issued to clients and investors on Friday. They currently have a C$6.00 price target on the stock. BMO Capital Markets’ price objective suggests a potential upside of 14.94% from the stock’s previous close.
Several other equities research analysts have also recently commented on the company. TD Securities cut their price target on Alio Gold from C$11.50 to C$10.50 and set a “buy” rating for the company in a research note on Friday, August 11th. Raymond James Financial, Inc. upped their price target on Alio Gold from C$9.50 to C$10.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Finally, Royal Bank Of Canada cut their price target on Alio Gold from C$8.00 to C$7.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 11th.
Alio Gold (ALO) traded up 4.79% during trading on Friday, hitting $5.47. 107,174 shares of the stock traded hands. The firm’s 50-day moving average is $5.34 and its 200-day moving average is $5.70. The stock has a market cap of $238.90 million and a P/E ratio of 3.06. Alio Gold has a 12 month low of $4.82 and a 12 month high of $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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