Alio Gold (ALO) Trading Down 0.6%
Alio Gold Inc (TSE:ALO) shares fell 0.6% on Wednesday . The company traded as low as C$4.54 and last traded at C$4.67. 58,814 shares were traded during trading, a decline of 40% from the average session volume of 98,764 shares. The stock had previously closed at C$4.64.
A number of research firms have weighed in on ALO. BMO Capital Markets reiterated a “market perform” rating and set a C$6.00 target price on shares of Alio Gold in a report on Friday, October 6th. National Bank Financial reissued an “outperform” rating on shares of Alio Gold in a research report on Tuesday, October 17th. Scotiabank reissued a “sector perform” rating and issued a C$7.50 price target on shares of Alio Gold in a research report on Friday, November 10th. Finally, Raymond James Financial dropped their price target on Alio Gold from C$9.50 to C$7.25 and set an “underperform” rating on the stock in a research report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of C$7.65.
The stock has a market capitalization of $194.96, a PE ratio of 6.24 and a beta of -1.05.
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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