Alio Gold Inc (TSE:TMM) Given Average Recommendation of “Buy” by Analysts

Shares of Alio Gold Inc (TSE:TMM) (NYSE:TGD) have received an average recommendation of “Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$0.89.

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TMM has been the topic of a number of research reports. Clarus Securities restated a “buy” rating on shares of Alio Gold in a research note on Friday, May 12th. TD Securities upped their price target on Alio Gold from C$1.00 to C$1.15 and gave the company a “buy” rating in a research report on Friday, May 12th. BMO Capital Markets upped their price objective on shares of Alio Gold from C$0.55 to C$0.60 and gave the stock an “outperform” rating in a research report on Wednesday, April 5th. Raymond James Financial, Inc. restated an “outperform” rating and issued a C$0.90 price objective on shares of Alio Gold in a research report on Thursday, May 4th. Finally, Scotiabank upped their price objective on shares of Alio Gold from C$0.75 to C$0.80 and gave the stock a “sector perform” rating in a research report on Monday, May 15th.

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Shares of Alio Gold (TMM) traded up 4.84% during trading on Tuesday, hitting $0.65. 2,416,427 shares of the stock traded hands. The stock has a 50 day moving average price of $0.55 and a 200-day moving average price of $0.50. Alio Gold has a 1-year low of $0.30 and a 1-year high of $0.80.

Alio Gold Company Profile

Alio Gold Inc, formerly Timmins Gold Corp, is a Canada-based gold producer engaged in the operation, development, exploration and acquisition of resource properties in Mexico through its subsidiaries, Timmins Goldcorp Mexico, SA de C.V. and Molimentales del Noroeste, SA de C.V. (MdN). MdN owns the San Francisco Mine in Sonora, Mexico.