Several other research firms also recently weighed in on ALO. TD Securities dropped their target price on shares of Alio Gold from C$10.50 to C$9.00 and set a buy rating for the company in a research report on Thursday, February 22nd. National Bank Financial dropped their target price on shares of Alio Gold from C$7.25 to C$7.00 in a research report on Friday, January 26th. Finally, Raymond James Financial raised shares of Alio Gold from an underperform rating to a market perform rating and dropped their target price for the stock from C$7.25 to C$5.00 in a research report on Friday, March 23rd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Alio Gold currently has an average rating of Hold and a consensus price target of C$6.17.
ALO stock traded up C$0.04 during trading on Thursday, reaching C$2.56. The stock had a trading volume of 5,639 shares, compared to its average volume of 153,193. Alio Gold has a 1-year low of C$2.23 and a 1-year high of C$7.99.
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 sells gold and silver. The company's principal assets include its 100% owned and operating San Francisco open-pit, heap leach gold mine in Sonora, Mexico; and its 100%-owned development stage Ana Paula Project in Guerrero, Mexico.
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