Alio Gold (ALO) Trading -5.7% Higher

Alio Gold Inc (TSE:ALO)’s share price traded up 5.7% during trading on Monday . The company traded as high as C$3.90 and last traded at C$3.65. 222,641 shares changed hands during trading, an increase of 35% from the average session volume of 164,511 shares. The stock had previously closed at C$3.87.

A number of equities analysts recently commented on the company. 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 restated an “outperform” rating on shares of Alio Gold in a report on Tuesday, October 17th. TD Securities decreased their target price on Alio Gold from C$11.50 to C$10.50 and set a “buy” rating for the company in a report on Friday, August 11th. 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. Finally, Raymond James Financial decreased their target price on Alio Gold from C$9.50 to C$7.25 and set an “underperform” rating for the company in a report on Tuesday, November 21st. One equities research 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.

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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.

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