Clarus Securities Weighs in on Alio Gold’s FY2018 Earnings (TSE:ALO)

Alio Gold (TSE:ALO) – Equities research analysts at Clarus Securities issued their FY2018 earnings estimates for Alio Gold in a research report issued on Tuesday, March 20th, Zacks Investment Research reports. Clarus Securities analyst J. Spratt forecasts that the company will post earnings of $0.30 per share for the year. Clarus Securities also issued estimates for Alio Gold’s FY2019 earnings at $0.51 EPS and FY2020 earnings at $0.62 EPS.

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A number of other equities analysts also recently commented on ALO. BMO Capital Markets set a C$4.00 target price on shares of Alio Gold and gave the stock a “market perform” rating in a research note on Thursday. Raymond James Financial upgraded shares of Alio Gold from an “underperform” rating to a “market perform” rating and lowered their target price for the stock from C$7.25 to C$5.00 in a research note on Friday, March 23rd. TD Securities lowered their target price on shares of Alio Gold from C$9.00 to C$6.50 and set a “buy” rating for the company in a research note on Tuesday, March 20th. Finally, National Bank Financial lowered their target price on shares of Alio Gold from C$7.25 to C$7.00 in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of C$6.17.

Shares of TSE:ALO traded up C$0.05 during trading on Thursday, hitting C$2.57. The company’s stock had a trading volume of 213,000 shares, compared to its average volume of 156,073. Alio Gold has a fifty-two week low of C$2.23 and a fifty-two week high of C$7.99.

Alio Gold (TSE:ALO) last posted its quarterly earnings results on Wednesday, February 21st. The company reported C($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.05) by C($0.03). The business had revenue of C$26.16 million during the quarter. Alio Gold had a return on equity of 11.98% and a net margin of 20.63%.

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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 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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