Alio Gold Inc (TSE:ALO) dropped 2.2% during trading on Monday . The company traded as low as C$4.52 and last traded at C$4.54. Approximately 83,100 shares changed hands during trading, a decline of 19% from the average daily volume of 102,425 shares. The stock had previously closed at C$4.64.
A number of research analysts have issued reports on the company. BMO Capital Markets reissued a “market perform” rating and issued a C$6.00 price target on shares of Alio Gold in a report on Friday, October 6th. National Bank Financial reissued an “outperform” rating on shares of Alio Gold in a report on Tuesday, October 17th. Scotiabank reissued a “sector perform” rating and issued a C$7.50 price target on shares of Alio Gold in a report on Friday, November 10th. Finally, Raymond James Financial decreased their price target 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 analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$7.65.
The stock has a market capitalization of $202.10, a price-to-earnings ratio of 6.39 and a beta of -1.05.
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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