Alio Gold Inc (ALO) Price Target Cut to C$7.25 by Analysts at Raymond James Financial, Inc.
Alio Gold Inc (TSE:ALO) had its price target cut by Raymond James Financial, Inc. from C$9.50 to C$7.25 in a research report sent to investors on Tuesday. They currently have an underperform rating on the stock.
A number of other research analysts also recently issued reports on ALO. TD Securities dropped their target price on shares of Alio Gold from C$11.50 to C$10.50 and set a buy rating on the stock in a research report on Friday, August 11th. BMO Capital Markets upgraded shares of Alio Gold from an underperform rating to a market perform rating in a research report on Friday, August 11th. National Bank Financial reiterated an outperform rating on shares of Alio Gold in a research report on Tuesday, October 17th. Finally, Scotiabank reiterated a sector perform rating and set a C$7.50 target price on shares of Alio Gold in a research report on Friday, November 10th. One equities 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 stock. The stock has a consensus rating of Hold and a consensus target price of C$6.51.
Alio Gold (TSE:ALO) opened at C$3.99 on Tuesday. Alio Gold has a 1 year low of C$3.84 and a 1 year high of C$7.99.
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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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