Alio Gold (ALO) Hits New 52-Week Low at $0.74

Alio Gold Inc (TSE:ALO) shares hit a new 52-week low during trading on Thursday . The stock traded as low as C$0.74 and last traded at C$0.75, with a volume of 22125 shares. The stock had previously closed at C$0.76.

Several research analysts have recently commented on ALO shares. Pi Financial reduced their target price on Alio Gold from C$1.90 to C$1.60 in a research note on Monday, March 25th. Cormark reduced their target price on Alio Gold from C$2.50 to C$1.80 in a research note on Thursday, March 14th. BMO Capital Markets lifted their target price on Alio Gold from C$1.00 to C$1.25 in a research note on Thursday, January 17th. Royal Bank of Canada downgraded Alio Gold from a “sector perform” rating to an “underperform” rating and set a C$1.50 target price for the company. in a research note on Thursday, January 17th. Finally, Raymond James reiterated an “underperform” rating and set a C$1.00 target price on shares of Alio Gold in a research note on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Alio Gold presently has an average rating of “Hold” and a consensus price target of C$1.61.

The firm has a market capitalization of $63.53 million and a price-to-earnings ratio of -3.66. The company has a quick ratio of 0.99, a current ratio of 2.95 and a debt-to-equity ratio of 3.47.

Alio Gold (TSE:ALO) last released its quarterly earnings results on Wednesday, May 8th. The company reported C$0.03 earnings per share for the quarter. The firm had revenue of C$41.76 million for the quarter. Equities research analysts anticipate that Alio Gold Inc will post 0.06 EPS for the current year.

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Alio Gold Company Profile (TSE:ALO)

Alio Gold Inc, through its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral resource properties. The company primarily mines for gold and silver. It holds 100% interests in San Francisco open pit gold mine that covers an area of approximately 53,380 hectares situated in the north central portion of the state of Sonora, Mexico; Florida Canyon open pit mine covering an area of approximately 11,886 hectares located in Nevada, the United States; and Ana Paula property situated in the state of Guerrero, Mexico.

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