Alio Gold Inc (TMM) Given Consensus Rating of “Buy” by Brokerages

Shares of Alio Gold Inc (TSE:TMM) (NYSE:TGD) have been given a consensus recommendation of “Buy” by the seven research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$0.89.

TMM has been the topic of several research analyst reports. Clarus Securities reissued a “speculative buy” rating on shares of Alio Gold in a research report on Wednesday, April 19th. Scotiabank boosted their target price on shares of Alio Gold from C$0.75 to C$0.80 and gave the stock a “sector perform” rating in a research report on Monday, May 15th. Raymond James Financial, Inc. reissued an “outperform” rating and set a C$0.90 target price on shares of Alio Gold in a research report on Thursday, May 4th. Finally, TD Securities boosted their target price on shares of Alio Gold from C$1.00 to C$1.15 and gave the stock a “buy” rating in a research report on Friday, May 12th.

Shares of Alio Gold (TMM) traded up 4.84% on Tuesday, hitting $0.65. The stock had a trading volume of 2,416,427 shares. Alio Gold has a 1-year low of $0.30 and a 1-year high of $0.80. The firm has a 50-day moving average of $0.55 and a 200 day moving average of $0.50.

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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.

Analyst Recommendations for Alio Gold (TSE:TMM)

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