BMO Capital Markets Reaffirms Market Perform Rating for Alio Gold Inc (ALO)

BMO Capital Markets reissued their market perform rating on shares of Alio Gold Inc (TSE:ALO) in a research report sent to investors on Friday morning. They currently have a C$6.00 price target on the stock.

Other equities analysts have also issued reports about the stock. TD Securities cut their price objective on shares of Alio Gold from C$11.50 to C$10.50 and set a buy rating for the company in a research report on Friday, August 11th. Raymond James Financial, Inc. raised their price objective on shares of Alio Gold from C$9.50 to C$10.00 and gave the company an outperform rating in a research report on Monday, July 24th. Finally, Royal Bank Of Canada cut 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 report on Tuesday, July 11th.

Alio Gold (ALO) opened at 5.47 on Friday. Alio Gold has a 12 month low of $4.82 and a 12 month high of $7.99. The stock has a 50 day moving average of $5.36 and a 200 day moving average of $5.70. The firm has a market capitalization of $238.90 million and a PE ratio of 3.06.

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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.

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