Alio Gold Inc (ALO) Given Consensus Recommendation of “Hold” by Brokerages

Alio Gold Inc (TSE:ALO) has been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$2.88.

A number of equities research analysts have recently commented on ALO shares. Pi Financial cut their price objective on Alio Gold from C$2.70 to C$2.00 and set a “buy” rating for the company in a research report on Friday, September 28th. TD Securities cut their price objective on Alio Gold from C$4.25 to C$4.00 and set a “buy” rating for the company in a research report on Friday, November 9th.

ALO opened at C$1.30 on Friday. The company has a debt-to-equity ratio of 8.33, a current ratio of 3.35 and a quick ratio of 1.01. Alio Gold has a 1-year low of C$0.81 and a 1-year high of C$4.71.

Alio Gold (TSE:ALO) last announced its quarterly earnings data on Thursday, November 8th. The company reported C($0.05) EPS for the quarter. The firm had revenue of C$36.52 million during the quarter. Equities research analysts anticipate that Alio Gold will post 0.02 EPS for the current year.

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 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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Analyst Recommendations for Alio Gold (TSE:ALO)

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