Alio Gold Inc (ALO) Receives Average Recommendation of “Buy” from Analysts
Shares of Alio Gold Inc (TSE:ALO) have been assigned an average rating of “Buy” from the five brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$8.38.
A number of equities research analysts recently weighed in on ALO shares. 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. 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. Royal Bank Of Canada reduced 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 research report on Tuesday, July 11th. 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, National Bank Financial restated an “outperform” rating on shares of Alio Gold in a research report on Tuesday.
Alio Gold (TSE ALO) opened at 5.17 on Thursday. Alio Gold has a 12-month low of $3.70 and a 12-month high of $7.99. The company has a 50-day moving average price of $5.41 and a 200 day moving average price of $5.73. The company has a market cap of $225.79 million and a PE ratio of 2.89.
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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