Alio Gold (TSE:ALO) had its price target reduced by stock analysts at TD Securities from C$10.50 to C$9.00 in a report issued on Thursday, February 22nd. The firm presently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 218.02% from the company’s current price.
Other equities analysts also recently issued research reports about the stock. National Bank Financial decreased their target price on shares of Alio Gold from C$7.25 to C$7.00 in a research note on Friday, January 26th. Raymond James Financial decreased their target price on shares of Alio Gold from C$9.50 to C$7.25 and set an “underperform” rating for the company in a research note on Tuesday, November 21st. Finally, Scotiabank reaffirmed a “sector perform” rating and set a C$7.50 target price on shares of Alio Gold in a research note on Friday, November 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of C$7.29.
Alio Gold stock traded down C$0.34 during mid-day trading on Thursday, reaching C$2.83. 659,153 shares of the company were exchanged, compared to its average volume of 127,412. Alio Gold has a 12 month low of C$2.76 and a 12 month high of C$7.99. The company has a market capitalization of $139.74, a P/E ratio of 6.74 and a beta of -0.86.
About Alio Gold
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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