Alio Gold Inc (TSE:ALO) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$3.11 and last traded at C$3.15, with a volume of 47680 shares changing hands. The stock had previously closed at C$3.20.
Several equities research analysts have issued reports on the company. TD Securities cut their price target on Alio Gold from C$10.50 to C$9.00 and set a “buy” rating for the company in a report on Thursday, February 22nd. National Bank Financial lowered their price objective on Alio Gold from C$7.25 to C$7.00 in a research report on Friday, January 26th. Finally, Raymond James Financial lowered their price objective on Alio Gold from C$9.50 to C$7.25 and set an “underperform” rating on the stock in a research report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Alio Gold presently has an average rating of “Hold” and an average price target of C$7.29.
The firm has a market cap of $142.79, a PE ratio of 7.48 and a beta of -0.86.
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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