Alio Gold (TSE:ALO) Stock Rating Reaffirmed by Pi Financial

Pi Financial restated their neutral rating on shares of Alio Gold (TSE:ALO) in a research note issued to investors on Thursday, BayStreet.CA reports. Pi Financial currently has a C$0.90 price objective on the stock.

Separately, TD Securities cut their price objective on shares of Alio Gold from C$2.75 to C$2.50 and set a buy rating on the stock in a research report on Friday, November 8th.

Shares of ALO opened at C$0.83 on Thursday. Alio Gold has a 52-week low of C$0.69 and a 52-week high of C$1.40. The company has a debt-to-equity ratio of 6.45, a quick ratio of 0.60 and a current ratio of 2.28. The business’s 50 day moving average price is C$0.80 and its two-hundred day moving average price is C$0.90. The firm has a market cap of $71.37 million and a PE ratio of -0.48.

Alio Gold (TSE:ALO) last released its quarterly earnings data on Wednesday, November 6th. The company reported C($0.12) earnings per share for the quarter. The firm had revenue of C$35.66 million for the quarter. Research analysts predict that Alio Gold will post 0.11 EPS for the current fiscal year.

About Alio Gold

Alio Gold Inc, through its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral resource properties. The company primarily mines for gold and silver. It holds 100% interests in San Francisco open pit gold mine that covers an area of approximately 53,380 hectares situated in the north central portion of the state of Sonora, Mexico; Florida Canyon open pit mine covering an area of approximately 11,886 hectares located in Nevada, the United States; and Ana Paula property situated in the state of Guerrero, Mexico.

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