Alio Gold Inc (ALO) Receives Outperform Rating from National Bank Financial

National Bank Financial reissued their outperform rating on shares of Alio Gold Inc (TSE:ALO) in a research report released on Tuesday morning. National Bank Financial also issued estimates for Alio Gold’s FY2017 earnings at $0.53 EPS.

Several other analysts have also recently commented on ALO. Royal Bank Of Canada decreased their target price on 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. BMO Capital Markets reaffirmed an underperform rating and issued a C$6.00 target price on shares of Alio Gold in a research report on Friday, July 21st. Raymond James Financial, Inc. raised their target price on Alio Gold from C$9.50 to C$10.00 and gave the stock an outperform rating in a research report on Monday, July 24th. Finally, TD Securities decreased their target price on 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of C$8.38.

Shares of Alio Gold (ALO) traded up 2.51% during mid-day trading on Tuesday, hitting $5.30. The stock had a trading volume of 117,851 shares. The firm has a market cap of $231.47 million and a P/E ratio of 2.96. The company has a 50 day moving average price of $5.41 and a 200 day moving average price of $5.73. Alio Gold has a 12-month low of $3.70 and a 12-month high of $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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