Brokerages Set Alio Gold (ALO) Price Target at $6.17

Shares of Alio Gold (TSE:ALO) have been given an average rating of “Hold” by the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$6.17.

Several equities research analysts have recently commented on the company. BMO Capital Markets set a C$4.00 target price on Alio Gold and gave the company a “market perform” rating in a research note on Thursday. Raymond James Financial raised Alio Gold from an “underperform” rating to a “market perform” rating and lowered their target price for the company from C$7.25 to C$5.00 in a research note on Friday, March 23rd. TD Securities lowered their target price on Alio Gold from C$9.00 to C$6.50 and set a “buy” rating for the company in a research note on Tuesday, March 20th. Finally, National Bank Financial lowered their target price on Alio Gold from C$7.25 to C$7.00 in a research note on Friday, January 26th.

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ALO traded up C$0.05 during trading on Thursday, hitting C$2.57. The company’s stock had a trading volume of 213,000 shares, compared to its average volume of 156,073. Alio Gold has a 12 month low of C$2.23 and a 12 month high of C$7.99.

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

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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 sells gold and silver. The company's principal assets include its 100% owned and operating San Francisco open-pit, heap leach gold mine in Sonora, Mexico; and its 100%-owned development stage Ana Paula Project in Guerrero, Mexico.

Analyst Recommendations for Alio Gold (TSE:ALO)

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