Alio Gold Inc (TSE:TMM) Receives C$0.89 Average Price Target from Analysts

Shares of Alio Gold Inc (TSE:TMM) (NYSE:TGD) have earned a consensus rating of “Buy” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$0.89.

A number of analysts recently commented on the company. Raymond James Financial, Inc. lifted their price target on Alio Gold from C$0.90 to C$1.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. TD Securities lifted their price target on Alio Gold from C$1.00 to C$1.15 and gave the stock a “buy” rating in a report on Friday, May 12th. Clarus Securities reiterated a “buy” rating on shares of Alio Gold in a report on Friday, May 12th. Finally, Scotiabank lifted their price target on Alio Gold from C$0.75 to C$0.80 and gave the stock a “sector perform” rating in a report on Monday, May 15th.

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Shares of Alio Gold (TMM) opened at 0.65 on Tuesday. Alio Gold has a one year low of $0.30 and a one year high of $0.80. The firm’s 50 day moving average is $0.55 and its 200-day moving average is $0.50.

About Alio Gold

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.