Alio Gold Inc (TSE:ALO) Stock Rating Reaffirmed by National Bank Financial

National Bank Financial reaffirmed their outperform rating on shares of Alio Gold Inc (TSE:ALO) in a report issued on Tuesday, October 17th. National Bank Financial also issued estimates for Alio Gold’s Q3 2017 earnings at $0.03 EPS, FY2017 earnings at $0.53 EPS and FY2018 earnings at $0.32 EPS.

Other analysts have also recently issued reports about the stock. TD Securities reduced their target price on shares of Alio Gold from C$11.50 to C$10.50 and set a buy rating for the company in a research note on Friday, August 11th. 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. Raymond James Financial, Inc. upped their target price on shares of Alio Gold from C$9.50 to C$10.00 and gave the stock an outperform rating in a report on Monday, July 24th. Finally, Royal Bank Of Canada decreased their price objective on shares of Alio Gold from C$8.00 to C$7.00 and set a sector perform rating on the stock in a report on Tuesday, July 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Alio Gold presently has an average rating of Buy and an average target price of C$8.38.

Shares of Alio Gold (TSE ALO) remained flat at $C$5.00 during trading on Tuesday. The company’s stock had a trading volume of 64,070 shares.

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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.

Analyst Recommendations for Alio Gold (TSE:ALO)

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