Alio Gold (TSE:ALO)‘s stock had its “underperform” rating reissued by research analysts at Raymond James in a report released on Friday. They presently have a C$1.00 target price on the stock. Raymond James’ price target indicates a potential downside of 1.96% from the company’s current price.
A number of other research analysts have also commented on ALO. Royal Bank of Canada lowered Alio Gold from a “sector perform” rating to an “underperform” rating and set a C$1.50 price objective on the stock. in a report on Thursday, January 17th. BMO Capital Markets increased their price objective on Alio Gold from C$1.00 to C$1.25 in a report on Thursday, January 17th. Cormark lowered their price objective on Alio Gold from C$2.50 to C$1.80 in a report on Thursday. Finally, TD Securities lowered their price objective on Alio Gold from C$3.75 to C$2.50 and set a “buy” rating on the stock in a report on Thursday. Two 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 stock presently has an average rating of “Hold” and an average target price of C$1.68.
Shares of TSE ALO opened at C$1.02 on Friday. The company has a current ratio of 2.60, a quick ratio of 0.91 and a debt-to-equity ratio of 3.42. The stock has a market cap of $86.40 million and a PE ratio of -4.86. Alio Gold has a 52 week low of C$0.81 and a 52 week high of C$3.08.
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.
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