Alio Gold Inc (ALO) Receives Average Recommendation of “Hold” from Analysts

Shares of Alio Gold Inc (TSE:ALO) have received an average recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$1.95.

A number of research firms have weighed in on ALO. Royal Bank of Canada downgraded shares of Alio Gold from a “sector perform” rating to an “underperform” rating and set a C$1.50 price target on the stock. in a research note on Thursday, January 17th. TD Securities decreased their price target on shares of Alio Gold from C$4.25 to C$4.00 and set a “buy” rating on the stock in a research note on Friday, November 9th. Finally, BMO Capital Markets lifted their price target on shares of Alio Gold from C$1.00 to C$1.25 in a research note on Thursday, January 17th.

ALO traded down C$0.01 during trading on Wednesday, reaching C$1.06. 84,812 shares of the company’s stock were exchanged, compared to its average volume of 148,460. Alio Gold has a fifty-two week low of C$0.81 and a fifty-two week high of C$4.03. The company has a debt-to-equity ratio of 8.33, a current ratio of 3.35 and a quick ratio of 1.01. The company has a market capitalization of $91.48 million and a P/E ratio of -132.50.

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 sells gold and silver. The company's principal assets include its 100% owned and operating San Francisco open-pit, heap leach gold mine in Sonora, Mexico; and its 100%-owned development stage Ana Paula Project in Guerrero, Mexico.

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Analyst Recommendations for Alio Gold (TSE:ALO)

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