Alio Gold Inc (TSE:ALO) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$3.60 and last traded at C$3.87, with a volume of 412093 shares trading hands. The stock had previously closed at C$3.75.
A number of research analysts have issued reports on ALO shares. TD Securities cut their target price on shares of 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. BMO Capital Markets upgraded shares of Alio Gold from an “underperform” rating to a “market perform” rating in a research report on Friday, August 11th. National Bank Financial restated an “outperform” rating on shares of Alio Gold in a research report on Tuesday, October 17th. Scotiabank reaffirmed a “sector perform” rating and issued a C$7.50 price target on shares of Alio Gold in a research note on Friday, November 10th. Finally, Raymond James Financial lowered their price target on Alio Gold from C$9.50 to C$7.25 and set an “underperform” rating for the company in a research note on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of C$6.51.
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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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