Royal Bank of Canada Lowers Alio Gold (ALO) to Underperform

Posted by Ethan Ryder on Jan 20th, 2019 // Comments off

Royal Bank of Canada cut shares of Alio Gold (TSE:ALO) from a sector perform rating to an underperform rating in a research note released on Thursday. Royal Bank of Canada currently has C$1.50 target price on the stock.

Several other brokerages also recently issued reports on ALO. Pi Financial cut their price target on shares of Alio Gold from C$2.70 to C$2.00 and set a buy rating for the company in a report on Friday, September 28th. TD Securities dropped their target price on shares of Alio Gold from C$4.25 to C$4.00 and set a buy rating for the company in a research note on Friday, November 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and an average target price of C$2.79.

Shares of ALO stock opened at C$1.02 on Thursday. Alio Gold has a 12-month low of C$0.81 and a 12-month high of C$4.54. The company has a debt-to-equity ratio of 8.33, a quick ratio of 1.01 and a current ratio of 3.35.

Alio Gold (TSE:ALO) last announced its quarterly earnings results on Thursday, November 8th. The company reported C($0.05) earnings per share (EPS) for the quarter. The company had revenue of C$36.52 million for the quarter. On average, research analysts expect that Alio Gold will post 0.02 EPS for the current fiscal year.

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.