Alio Gold Inc (TSE:ALO) had its price objective cut by analysts at Raymond James Financial, Inc. from C$9.50 to C$7.25 in a report released on Tuesday. The brokerage presently has an “underperform” rating on the stock. Raymond James Financial, Inc.’s price target indicates a potential upside of 70.59% from the company’s previous close.

ALO has been the subject of a number of other reports. Scotiabank restated a “sector perform” rating and set a C$7.50 target price on shares of Alio Gold in a report on Friday, November 10th. BMO Capital Markets restated a “market perform” rating and set a C$6.00 target price on shares of Alio Gold in a report on Friday, October 6th. National Bank Financial reaffirmed an “outperform” rating on shares of Alio Gold in a research note on Tuesday, October 17th. Finally, TD Securities decreased their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of C$6.51.

Shares of Alio Gold (TSE ALO) traded down C$0.08 during trading hours on Tuesday, reaching C$4.25. 64,100 shares of the company were exchanged, compared to its average volume of 150,163. Alio Gold has a 1 year low of C$3.84 and a 1 year high of C$7.99.

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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.

Analyst Recommendations for Alio Gold (TSE:ALO)

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