Alio Gold Inc Forecasted to Earn FY2017 Earnings of $0.62 Per Share (ALO)

Alio Gold Inc (TSE:ALO) – Analysts at National Bank Financial upped their FY2017 earnings per share (EPS) estimates for shares of Alio Gold in a note issued to investors on Thursday. National Bank Financial analyst S. Nagle now anticipates that the company will earn $0.62 per share for the year, up from their previous estimate of $0.53. National Bank Financial has a “Outperform” rating on the stock.

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ALO has been the topic of several other research reports. BMO Capital Markets reissued a “market perform” rating and set a C$6.00 target price on shares of Alio Gold in a research report on Friday, October 6th. Raymond James Financial, Inc. raised their target price on Alio Gold from C$9.50 to C$10.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. TD Securities cut their target price on Alio Gold from C$11.50 to C$10.50 and set a “buy” rating on the stock in a research report on Friday, August 11th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a C$7.50 price target on shares of Alio Gold in a research report on Friday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$8.20.

Shares of Alio Gold (ALO) opened at C$4.17 on Monday. Alio Gold has a 12-month low of C$4.15 and a 12-month high of C$7.99.

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 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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