Alio Gold Inc (ALO) Given “Sector Perform” Rating at Scotiabank

Scotiabank restated their sector perform rating on shares of Alio Gold Inc (TSE:ALO) in a research report sent to investors on Friday morning. The firm currently has a C$7.50 target price on the stock.

ALO has been the subject of several other research reports. Raymond James Financial, Inc. upped their target price on shares of Alio Gold from C$9.50 to C$10.00 and gave the stock an outperform rating in a research note on Monday, July 24th. BMO Capital Markets reiterated an underperform rating and issued a C$6.00 target price on shares of Alio Gold in a research note on Friday, July 21st. TD Securities reduced their target price on shares of Alio Gold from C$11.50 to C$10.50 and set a buy rating for the company in a research note on Friday, August 11th. Finally, National Bank Financial reiterated an outperform rating on shares of Alio Gold in a research note on Tuesday, October 17th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of C$8.20.

Alio Gold (ALO) traded down C$0.17 during midday trading on Friday, hitting C$4.50. 159,533 shares of the stock traded hands, compared to its average volume of 150,416. Alio Gold has a 12-month low of C$4.47 and a 12-month high of C$7.99.

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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 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.

Analyst Recommendations for Alio Gold (TSE:ALO)

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