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.
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.
WARNING: “Alio Gold (ALO) Upgraded to Market Perform by Raymond James Financial” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.tickerreport.com/banking-finance/3303429/alio-gold-alo-upgraded-to-market-perform-by-raymond-james-financial.html.
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.
Receive News & Ratings for Alio Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alio Gold and related companies with MarketBeat.com's FREE daily email newsletter.