Alio Gold (ALO) Hits New 12-Month Low at $3.11
Shares of Alio Gold Inc (TSE:ALO) reached a new 52-week low on Monday . The stock traded as low as C$3.11 and last traded at C$3.15, with a volume of 47680 shares traded. The stock had previously closed at C$3.20.
Several research firms have recently weighed in on ALO. TD Securities decreased their target price on Alio Gold from C$10.50 to C$9.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. National Bank Financial decreased their target price on Alio Gold from C$7.25 to C$7.00 in a research report on Friday, January 26th. Finally, Raymond James Financial decreased their target price on Alio Gold from C$9.50 to C$7.25 and set an “underperform” rating for the company in a research report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of C$7.29.
The firm has a market cap of $140.26, a price-to-earnings ratio of 7.63 and a beta of -0.86.
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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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