Alio Gold (TSE:ALO) had its price target cut by investment analysts at Cormark from C$2.50 to C$1.80 in a note issued to investors on Thursday. Cormark’s target price points to a potential upside of 76.47% from the company’s previous close.
Other research analysts have also issued research reports about the company. Royal Bank of Canada downgraded Alio Gold from a “sector perform” rating to an “underperform” rating and set a C$1.50 price objective on the stock. in a research note on Thursday, January 17th. BMO Capital Markets boosted their price objective on Alio Gold from C$1.00 to C$1.25 in a research note on Thursday, January 17th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$1.68.
TSE:ALO traded down C$0.03 during midday trading on Thursday, reaching C$1.02. 60,735 shares of the company traded hands, compared to its average volume of 144,024. Alio Gold has a twelve month low of C$0.81 and a twelve month high of C$3.23. The firm has a market capitalization of $88.94 million and a P/E ratio of -127.50. The company has a debt-to-equity ratio of 8.33, a current ratio of 3.35 and a quick ratio of 1.01.
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 sells gold and silver. The company's principal assets include its 100% owned and operating San Francisco open-pit, heap leach gold mine in Sonora, Mexico; and its 100%-owned development stage Ana Paula Project in Guerrero, Mexico.
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