Alio Gold Inc (TSE:TMM) Receives C$0.89 Consensus Target Price from Brokerages

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

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Several research firms have recently commented on TMM. Clarus Securities reaffirmed a “buy” rating on shares of Alio Gold in a report on Friday, May 12th. TD Securities upped their target price on Alio Gold from C$1.00 to C$1.15 and gave the company a “buy” rating in a report on Friday, May 12th. Scotiabank reaffirmed a “sector perform” rating and set a C$0.75 target price on shares of Alio Gold in a report on Wednesday, April 5th. Raymond James Financial, Inc. upped their target price on Alio Gold from C$0.90 to C$1.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Finally, BMO Capital Markets boosted their price objective on 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.

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Alio Gold (TMM) traded up 4.84% during mid-day trading on Tuesday, reaching $0.65. The company’s stock had a trading volume of 2,416,427 shares. Alio Gold has a 52 week low of $0.30 and a 52 week high of $0.80. The firm has a 50-day moving average of $0.55 and a 200-day moving average of $0.50.

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.