Alio Gold Inc (ALO) Given Average Rating of “Hold” by Brokerages

Shares of Alio Gold Inc (TSE:ALO) have been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$7.54.

A number of research firms recently weighed in on ALO. National Bank Financial reduced their price objective on shares of Alio Gold from C$7.25 to C$7.00 in a research report on Friday, January 26th. Raymond James Financial reduced their price objective on shares of Alio Gold from C$9.50 to C$7.25 and set an “underperform” rating on the stock in a research report on Tuesday, November 21st. Finally, Scotiabank reissued a “sector perform” rating and issued a C$7.50 price objective on shares of Alio Gold in a research report on Friday, November 10th.

Shares of Alio Gold (TSE ALO) opened at C$3.74 on Wednesday. Alio Gold has a 1 year low of C$3.54 and a 1 year high of C$7.99. The firm has a market cap of $172.01, a PE ratio of 5.27 and a beta of -1.12.

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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.

Analyst Recommendations for Alio Gold (TSE:ALO)

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