Alio Gold (ALO) Trading Down 0.6%

Alio Gold Inc (TSE:ALO) traded down 0.6% on Wednesday . The company traded as low as C$4.54 and last traded at C$4.67. 58,814 shares were traded during mid-day trading, a decline of 40% from the average session volume of 98,764 shares. The stock had previously closed at C$4.64.

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets reiterated 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 reiterated an “outperform” rating on shares of Alio Gold in a report on Tuesday, October 17th. Scotiabank reiterated 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 lowered 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Alio Gold currently has a consensus rating of “Hold” and an average price target of C$7.65.

The firm has a market capitalization of $202.03, a PE ratio of 6.39 and a beta of -1.05.

Alio Gold (TSE:ALO) last released its quarterly earnings data on Thursday, November 9th. The company reported C$0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.04 by C$0.11. Alio Gold had a return on equity of 11.98% and a net margin of 20.63%.

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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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