Alio Gold Inc (ALO) Given Consensus Recommendation of “Hold” by Analysts
Alio Gold Inc (TSE:ALO) has earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$7.65.
ALO has been the subject of several analyst reports. Scotiabank reaffirmed a “sector perform” rating and set a C$7.50 price objective on shares of Alio Gold in a research report on Friday, November 10th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$6.00 price objective on shares of Alio Gold in a research report on Friday, October 6th. Raymond James Financial lowered their price objective on Alio Gold from C$9.50 to C$7.25 and set an “underperform” rating for the company in a research report on Tuesday, November 21st. TD Securities lowered their price objective on Alio Gold from C$11.50 to C$10.50 and set a “buy” rating for the company in a research report on Friday, August 11th. Finally, National Bank Financial reaffirmed an “outperform” rating on shares of Alio Gold in a research report on Tuesday, October 17th.
Shares of Alio Gold (TSE:ALO) opened at C$3.80 on Friday. Alio Gold has a 1-year low of C$3.60 and a 1-year high of C$7.99.
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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