Alio Gold Inc (ALO) Stock Rating Reaffirmed by BMO Capital Markets

BMO Capital Markets restated their underperform rating on shares of Alio Gold Inc (TSE:ALO) in a research note published on Friday. They currently have a C$6.00 price objective on the stock.

Several other research analysts have also recently issued reports on ALO. Raymond James Financial, Inc. reiterated an outperform rating and set a C$10.00 target price on shares of Alio Gold in a report on Tuesday, May 23rd. Royal Bank Of Canada dropped their target price on shares of Alio Gold from C$8.00 to C$7.00 and set a sector perform rating on the stock in a report on Tuesday, July 11th.

Shares of Alio Gold (TSE:ALO) opened at 5.64 on Friday. Alio Gold has a 1-year low of $4.98 and a 1-year high of $7.99. The company’s 50-day moving average is $6.42 and its 200 day moving average is $5.56. The company has a market cap of $200.57 million and a price-to-earnings ratio of 2.82.

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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.

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