Alio Gold Inc to Post FY2017 Earnings of $0.62 Per Share, National Bank Financial Forecasts (ALO)
Alio Gold Inc (TSE:ALO) – National Bank Financial increased their FY2017 earnings per share estimates for Alio Gold in a research report issued to clients and investors on Thursday. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $0.62 per share for the year, up from their previous estimate of $0.53. National Bank Financial has a “Outperform” rating on the stock.
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Several other equities research analysts also recently commented on the company. Scotiabank reissued a “sector perform” rating and issued a C$7.50 price objective on shares of Alio Gold in a report on Friday. BMO Capital Markets reiterated a “market perform” rating and set a C$6.00 price objective on shares of Alio Gold in a research report on Friday, October 6th. TD Securities reduced their price objective on Alio Gold from C$11.50 to C$10.50 and set a “buy” rating on the stock in a research note on Friday, August 11th. Finally, Raymond James Financial, Inc. boosted their price objective on Alio Gold from C$9.50 to C$10.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of C$8.20.
Alio Gold (TSE ALO) opened at C$4.50 on Monday. Alio Gold has a 12-month low of C$4.47 and a 12-month high of C$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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