Alio Gold (ALO) Trading Up 8.1%

Shares of Alio Gold Inc (TSE:ALO) shot up 8.1% on Wednesday . The stock traded as high as C$4.03 and last traded at C$4.02. 181,065 shares changed hands during mid-day trading, an increase of 81% from the average session volume of 99,981 shares. The stock had previously closed at C$3.72.

Several research firms recently weighed in on ALO. Scotiabank reiterated a “sector perform” rating and issued a C$7.50 target price on shares of Alio Gold in a report on Friday, November 10th. Raymond James Financial dropped 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 report on Tuesday, November 21st. Finally, National Bank Financial dropped their target price on shares of Alio Gold from C$7.25 to C$7.00 in a report on Friday, January 26th. 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. The company presently has a consensus rating of “Hold” and a consensus target price of C$7.54.

The company has a market cap of $178.97, a price-to-earnings ratio of 5.44 and a beta of -1.12.

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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 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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