Alio Gold Inc (TSE:ALO) PT Lowered to C$10.50 at TD Securities

Alio Gold Inc (TSE:ALO) had its target price reduced by analysts at TD Securities from C$11.50 to C$10.50 in a report released on Friday. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 107.10% from the company’s current price.

Several other research analysts also recently weighed in on ALO. Royal Bank Of Canada reduced their target price on Alio Gold from C$8.00 to C$7.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 11th. BMO Capital Markets reaffirmed an “underperform” rating and set a C$6.00 target price on shares of Alio Gold in a research note on Friday, July 21st. Finally, Raymond James Financial, Inc. increased their price objective on Alio Gold from C$9.50 to C$10.00 and gave the company an “outperform” rating in a research note on Monday, July 24th.

Alio Gold (TSE ALO) traded up 1.58% during midday trading on Friday, hitting $5.15. 86,071 shares of the stock traded hands. The company’s 50 day moving average price is $5.67 and its 200 day moving average price is $5.62. The firm has a market cap of $183.14 million and a PE ratio of 2.58. Alio Gold has a 12 month low of $3.70 and a 12 month high of $8.00.

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Alio Gold Company Profile

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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