Alio Gold Inc (TSE:ALO) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$3.16 and last traded at C$3.22, with a volume of 72215 shares. The stock had previously closed at C$3.31.
Several research analysts recently issued reports on the stock. TD Securities cut their target price on shares of Alio Gold from C$10.50 to C$9.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. National Bank Financial cut their target price on shares of Alio Gold from C$7.25 to C$7.00 in a research note on Friday, January 26th. Raymond James Financial cut their target price on shares of Alio Gold from C$9.50 to C$7.25 and set an “underperform” rating on the stock in a research note on Tuesday, November 21st. Finally, Scotiabank reissued a “sector perform” rating and set a C$7.50 target price on shares of Alio Gold in a research note on Friday, November 10th. 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 company. The stock currently has a consensus rating of “Hold” and an average price target of C$7.29.
The company has a market cap of $145.79, a P/E ratio of 7.93 and a beta of -1.12.
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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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