Alio Gold Inc (TSE:ALO)’s share price traded up 3.4% during mid-day trading on Wednesday . The company traded as high as C$4.20 and last traded at C$4.03. 303,608 shares changed hands during trading, an increase of 100% from the average session volume of 151,951 shares. The stock had previously closed at C$4.17.

A number of equities analysts have issued reports on the company. Scotiabank reiterated a “sector perform” rating and set a C$7.50 price target on shares of Alio Gold in a research note on Friday, November 10th. TD Securities cut their price target on Alio Gold from C$11.50 to C$10.50 and set a “buy” rating for the company in a research note on Friday, August 11th. BMO Capital Markets upgraded Alio Gold from an “underperform” rating to a “market perform” rating in a research note on Friday, August 11th. National Bank Financial reiterated an “outperform” rating on shares of Alio Gold in a research note on Tuesday, October 17th. Finally, Raymond James Financial, Inc. lifted their price target on Alio Gold from C$9.50 to C$10.00 and gave the company an “outperform” rating in a research note on Monday, July 24th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$6.97.

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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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