Analysts Set Alio Gold Inc (ALO) Price Target at $1.61

Shares of Alio Gold Inc (TSE:ALO) have received a consensus rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$1.61.

A number of research analysts have commented on the stock. TD Securities dropped their price objective on shares of Alio Gold from C$3.75 to C$2.50 and set a “buy” rating on the stock in a research note on Thursday, March 14th. Cormark lowered their target price on shares of Alio Gold from C$2.50 to C$1.80 in a report on Thursday, March 14th. Raymond James reaffirmed an “underperform” rating and issued a C$1.00 target price on shares of Alio Gold in a report on Friday, March 15th. Finally, Pi Financial lowered their target price on shares of Alio Gold from C$1.90 to C$1.60 in a report on Monday, March 25th.

TSE ALO traded down C$0.01 during trading on Friday, reaching C$0.73. The company’s stock had a trading volume of 56,100 shares, compared to its average volume of 106,378. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.99 and a current ratio of 2.95. The firm has a market cap of $61.84 million and a PE ratio of -3.61. Alio Gold has a twelve month low of C$0.71 and a twelve month high of C$2.35.

Alio Gold (TSE:ALO) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C$0.03 EPS for the quarter. The business had revenue of C$41.76 million during the quarter. Research analysts predict that Alio Gold will post 0.06 earnings per share for the current year.

Alio Gold Company Profile

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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Analyst Recommendations for Alio Gold (TSE:ALO)

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