Alio Gold Inc (TSE:ALO) PT Raised to C$10.00 at Raymond James Financial, Inc.

Alio Gold Inc (TSE:ALO) had its price target boosted by equities researchers at Raymond James Financial, Inc. from C$9.50 to C$10.00 in a research note issued to investors on Monday, July 24th. The firm currently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s price target points to a potential upside of 104.50% from the stock’s previous close.

Other analysts have also issued reports about the stock. BMO Capital Markets restated an “underperform” rating and issued a C$6.00 price objective on shares of Alio Gold in a report on Friday, July 21st. Royal Bank Of Canada lowered 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 report on Tuesday, July 11th.

Alio Gold (ALO) traded down 0.61% during trading on Monday, reaching $4.89. The company’s stock had a trading volume of 120,928 shares. The company’s 50 day moving average price is $5.33 and its 200-day moving average price is $5.63. The stock has a market cap of $213.57 million and a P/E ratio of 2.73. Alio Gold has a 1-year low of $3.70 and a 1-year high of $7.99.

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Alio Gold Company Profile

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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