Alio Gold Inc (ALO) Price Target Lowered to C$7.25 at Raymond James Financial, Inc.
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 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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