BMO Capital Markets Upgrades Alio Gold Inc (ALO) to Market Perform
Alio Gold Inc (TSE:ALO) was upgraded by equities research analysts at BMO Capital Markets from an “underperform” rating to a “market perform” rating in a report released on Friday.
A number of other equities research analysts also recently weighed in on ALO. TD Securities decreased their price objective on Alio Gold from C$11.50 to C$10.50 and set a “buy” rating on the stock in a report on Friday. Royal Bank Of Canada decreased their price objective on Alio Gold from C$8.00 to C$7.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 11th. Finally, Raymond James Financial, Inc. lifted their price objective on Alio Gold from C$9.50 to C$10.00 and gave the company an “outperform” rating in a report on Monday, July 24th.
Shares of Alio Gold (TSE ALO) traded up 1.58% during mid-day trading on Friday, hitting $5.15. The stock had a trading volume of 86,071 shares. Alio Gold has a one year low of $3.70 and a one year high of $8.00. The stock has a market cap of $183.14 million and a price-to-earnings ratio of 2.58. The firm has a 50 day moving average of $5.67 and a 200 day moving average of $5.62.
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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 explores for gold deposits. The company holds a 100 % interest in the Ana Paula Property in Guerrero, Mexico. The company was formerly known as Timmins Gold Corp.
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