Alio Gold (ALO) Price Target Cut to C$1.60 by Analysts at Pi Financial

Alio Gold (TSE:ALO) had its price objective cut by equities research analysts at Pi Financial from C$1.90 to C$1.60 in a report issued on Monday. Pi Financial’s target price points to a potential upside of 61.62% from the company’s previous close.

A number of other analysts also recently issued reports on the company. Raymond James reaffirmed an “underperform” rating and set a C$1.00 price target on shares of Alio Gold in a report on Friday, March 15th. TD Securities decreased their price target on Alio Gold from C$3.75 to C$2.50 and set a “buy” rating for the company in a report on Thursday, March 14th. Cormark decreased their price target on Alio Gold from C$2.50 to C$1.80 in a report on Thursday, March 14th. BMO Capital Markets lifted their price target on Alio Gold from C$1.00 to C$1.25 in a report on Thursday, January 17th. Finally, Royal Bank of Canada downgraded Alio Gold from a “sector perform” rating to an “underperform” rating and set a C$1.50 price target for the company. in a report on Thursday, January 17th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of C$1.61.

TSE:ALO remained flat at $C$0.99 during midday trading on Monday. The company had a trading volume of 81,165 shares, compared to its average volume of 142,148. The stock has a market capitalization of $83.86 million and a price-to-earnings ratio of -4.71. Alio Gold has a 52-week low of C$0.81 and a 52-week high of C$2.76. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.91 and a current ratio of 2.60.

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.

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Analyst Recommendations for Alio Gold (TSE:ALO)

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