Alio Gold Inc (TSE:ALO) was down 6.3% during trading on Wednesday . The company traded as low as C$1.05 and last traded at C$1.05. Approximately 149,194 shares changed hands during mid-day trading, an increase of 5% from the average daily volume of 142,427 shares. The stock had previously closed at C$1.12.
A number of equities research analysts have commented on ALO shares. Cormark reduced their target price on Alio Gold from C$2.50 to C$1.80 in a research report on Thursday. BMO Capital Markets lifted their target price on Alio Gold from C$1.00 to C$1.25 in a research report on Thursday, January 17th. Royal Bank of Canada downgraded Alio Gold from a “sector perform” rating to an “underperform” rating and set a C$1.50 target price on the stock. in a research report on Thursday, January 17th. Finally, TD Securities reduced their target price on Alio Gold from C$3.75 to C$2.50 and set a “buy” rating on the stock in a research report on Thursday. Two 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 company currently has a consensus rating of “Hold” and an average price target of C$1.68.
The company has a quick ratio of 1.01, a current ratio of 3.35 and a debt-to-equity ratio of 8.33. The stock has a market cap of $88.94 million and a P/E ratio of -126.25.
About Alio Gold (TSE:ALO)
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.
Further Reading: Beta
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