TD Securities Cuts Alio Gold (TSE:ALO) Price Target to C$2.50

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Alio Gold (TSE:ALO) had its price target reduced by TD Securities from C$2.75 to C$2.50 in a research report sent to investors on Tuesday, BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, Pi Financial boosted their price objective on shares of Alio Gold from C$0.85 to C$1.15 in a research report on Wednesday, July 24th.

Shares of ALO opened at C$1.00 on Tuesday. The company has a current ratio of 2.80, a quick ratio of 0.92 and a debt-to-equity ratio of 2.62. The stock has a market cap of $88.10 million and a P/E ratio of -3.65. The company has a 50-day moving average of C$1.07 and a two-hundred day moving average of C$0.99. Alio Gold has a 12-month low of C$0.69 and a 12-month high of C$1.40.

Alio Gold (TSE:ALO) last announced its earnings results on Thursday, August 8th. The company reported C($0.07) earnings per share (EPS) for the quarter. The business had revenue of C$38.07 million for the quarter. As a group, analysts forecast that Alio Gold will post 0.07 EPS for the current fiscal year.

Alio Gold Company Profile

Alio Gold Inc, through its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral resource properties. The company primarily mines for gold and silver. It holds 100% interests in San Francisco open pit gold mine that covers an area of approximately 53,380 hectares situated in the north central portion of the state of Sonora, Mexico; Florida Canyon open pit mine covering an area of approximately 11,886 hectares located in Nevada, the United States; and Ana Paula property situated in the state of Guerrero, Mexico.

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