Alio Gold (ALO) Price Target Cut to C$1.80

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Alio Gold (TSE:ALO) had its price target dropped by investment analysts at Cormark from C$2.50 to C$1.80 in a report released on Thursday. Cormark’s target price indicates a potential upside of 76.47% from the company’s current price.

Several other brokerages also recently commented on ALO. 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 report on Thursday, January 17th. BMO Capital Markets boosted their target price on Alio Gold from C$1.00 to C$1.25 in a research report on Thursday, January 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of C$1.68.

Shares of ALO opened at C$1.02 on Thursday. 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 has a 52-week low of C$0.81 and a 52-week high of C$3.23. The firm has a market capitalization of $88.94 million and a PE ratio of -127.50.

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.

Further Reading: Ex-Dividend

Analyst Recommendations for Alio Gold (TSE:ALO)

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