BMO Capital Markets Reaffirms “Underperform” Rating for Alio Gold Inc (TSE:ALO)

Alio Gold Inc (TSE:ALO)‘s stock had its “underperform” rating reissued by equities researchers at BMO Capital Markets in a note issued to investors on Friday, July 21st. They presently have a C$6.00 price objective on the stock. BMO Capital Markets’ target price would suggest a potential upside of 18.81% from the company’s previous close.

ALO has been the subject of several other research reports. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a C$10.00 price objective on shares of Alio Gold in a research note on Tuesday, May 23rd. Royal Bank Of Canada dropped their price objective on shares of Alio Gold from C$8.00 to C$7.00 and set a “sector perform” rating for the company in a research note on Tuesday, July 11th.

Alio Gold (ALO) traded up 0.20% during mid-day trading on Friday, reaching $5.05. 104,586 shares of the company were exchanged. The company’s 50 day moving average price is $5.43 and its 200-day moving average price is $5.63. Alio Gold has a 12-month low of $4.83 and a 12-month high of $7.99. The stock has a market capitalization of $220.55 million and a price-to-earnings ratio of 2.82.

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Alio Gold Company Profile

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.