Alio Gold (ALO) Upgraded to Market Perform by Raymond James Financial

Raymond James Financial upgraded shares of Alio Gold (TSE:ALO) from an underperform rating to a market perform rating in a research note published on Friday. Raymond James Financial currently has C$5.00 target price on the stock, down from their prior target price of C$7.25.

Several other equities analysts have also commented on the stock. BMO Capital Markets reaffirmed a market perform rating and issued a C$4.00 price objective on shares of Alio Gold in a research report on Tuesday, March 20th. TD Securities decreased their price objective on shares of Alio Gold from C$9.00 to C$6.50 and set a buy rating for the company in a research report on Tuesday, March 20th. Finally, National Bank Financial decreased their price objective on shares of Alio Gold from C$7.25 to C$7.00 in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of C$6.17.

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Alio Gold (TSE ALO) opened at C$2.65 on Friday. The company has a market cap of $139.74, a P/E ratio of 6.31 and a beta of -0.86. Alio Gold has a 1 year low of C$2.23 and a 1 year high of C$7.99.

Alio Gold (TSE:ALO) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.05) by C($0.03). The company had revenue of C$26.16 million during the quarter. Alio Gold had a net margin of 20.63% and a return on equity of 11.98%.

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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 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.

Analyst Recommendations for Alio Gold (TSE:ALO)

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