Alio Gold Inc (TSE:ALO) Price Target Raised to C$10.00 at Raymond James Financial, Inc.
Alio Gold Inc (TSE:ALO) had its target price hoisted by equities research analysts at Raymond James Financial, Inc. from C$9.50 to C$10.00 in a research note issued on Monday, July 24th. The firm currently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s target price would indicate a potential upside of 104.50% from the stock’s previous close.
A number of other research firms have also issued reports on ALO. BMO Capital Markets reaffirmed an “underperform” rating and issued a C$6.00 price target on shares of Alio Gold in a research report on Friday, July 21st. Royal Bank Of Canada reduced their price target on Alio Gold from C$8.00 to C$7.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 11th.
Alio Gold (ALO) traded down 0.61% during mid-day trading on Monday, hitting $4.89. 120,928 shares of the stock traded hands. The company’s 50 day moving average price is $5.33 and its 200-day moving average price is $5.63. The stock has a market cap of $213.57 million and a price-to-earnings ratio of 2.73. Alio Gold has a 1-year low of $4.82 and a 1-year high of $7.99.
About Alio Gold
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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