ValuEngine Upgrades Alio Gold Inc (ALO) to “Buy”
Alio Gold Inc (NYSEMKT:ALO) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.
Alio Gold (NYSEMKT ALO) opened at 4.33 on Monday. The company has a market cap of $189.11 million and a price-to-earnings ratio of 3.29. The stock has a 50 day moving average of $4.30 and a 200-day moving average of $4.38. Alio Gold has a one year low of $2.70 and a one year high of $6.06.
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About Alio Gold
Alio Gold Inc, formerly Timmins Gold Corp, is a Canada-based gold producer engaged in the operation, development, exploration and acquisition of resource properties in Mexico through its subsidiaries, Timmins Goldcorp Mexico, SA de C.V. and Molimentales del Noroeste, SA de C.V. (MdN). MdN owns the San Francisco Mine in Sonora, Mexico.
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