Alio Gold Inc (ALO) to Post FY2017 Earnings of $0.53 Per Share, National Bank Financial Forecasts

Alio Gold Inc (TSE:ALO) – Analysts at National Bank Financial lifted their FY2017 EPS estimates for shares of Alio Gold in a report released on Tuesday. National Bank Financial analyst S. Nagle now expects that the company will post earnings per share of $0.53 for the year, up from their prior estimate of $0.51. National Bank Financial currently has a “Outperform” rating on the stock.

Other analysts have also issued reports about the company. TD Securities lowered their target price on 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. BMO Capital Markets restated a “market perform” rating and issued a C$6.00 target price on shares of Alio Gold in a research note on Friday, October 6th. Raymond James Financial, Inc. raised their target price on Alio Gold from C$9.50 to C$10.00 and gave the company an “outperform” rating in a research note on Monday, July 24th. Finally, Royal Bank Of Canada lowered their price objective on Alio Gold from C$8.00 to C$7.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 11th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Alio Gold presently has an average rating of “Buy” and a consensus price target of C$8.38.

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Alio Gold (TSE ALO) opened at 5.25 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 of $5.42 and a 200-day moving average of $5.72. The company has a market cap of $229.29 million and a price-to-earnings ratio of 2.93.

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.

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