Clarus Securities Reaffirms “Buy” Rating for Alio Gold Inc (TMM)

Clarus Securities restated their buy rating on shares of Alio Gold Inc (TSE:TMM) (NYSE:TGD) in a research note released on Friday, May 12th.

Several other brokerages also recently weighed in on TMM. Scotiabank reaffirmed a sector perform rating and set a C$0.75 target price on shares of Alio Gold in a research note on Wednesday, April 5th. TD Securities upped their target price on shares of Alio Gold from C$1.00 to C$1.15 and gave the stock a buy rating in a research note on Friday, May 12th. BMO Capital Markets upped their target price on shares of Alio Gold from C$0.55 to C$0.60 and gave the stock an outperform rating in a research note on Wednesday, April 5th. Finally, Raymond James Financial, Inc. reissued an outperform rating and issued a C$0.90 price objective on shares of Alio Gold in a research report on Thursday, May 4th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Alio Gold presently has an average rating of Buy and an average target price of C$0.89.

Shares of Alio Gold (TSE TMM) traded up 4.84% during midday trading on Friday, reaching $0.65. The company’s stock had a trading volume of 2,416,427 shares. Alio Gold has a 12 month low of $0.30 and a 12 month high of $0.80. The company’s 50-day moving average price is $0.55 and its 200-day moving average price is $0.50.

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Alio Gold Company Profile

Alio Gold Inc, formerly Timmins Gold Corp, is a Canada-based gold producer engaged in the operation, development, exploration and acquisition of resource properties in Mexico through its subsidiaries, Timmins Goldcorp Mexico, SA de C.V. and Molimentales del Noroeste, SA de C.V. (MdN). MdN owns the San Francisco Mine in Sonora, Mexico.

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