Alio Gold (ALO) Reaches New 12-Month Low at $3.11

Shares of Alio Gold Inc (TSE:ALO) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$3.11 and last traded at C$3.15, with a volume of 47680 shares traded. The stock had previously closed at C$3.20.

A number of analysts recently issued reports on the company. 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 research report on Tuesday, November 21st. National Bank Financial lowered their price target on Alio Gold from C$7.25 to C$7.00 in a research report on Friday, January 26th. Finally, TD Securities lowered their price target on Alio Gold from C$10.50 to C$9.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of C$7.29.

The stock has a market capitalization of $140.26, a PE ratio of 7.63 and a beta of -0.86.

Alio Gold (TSE:ALO) last released its earnings results on Wednesday, February 21st. The company reported C($0.08) earnings per share for the quarter, missing the consensus estimate of C($0.05) by C($0.03). Alio Gold had a return on equity of 11.98% and a net margin of 20.63%. The business had revenue of C$26.16 million for the quarter.

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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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