Alio Gold (ALO) Hits New 52-Week Low at $2.41

Alio Gold (TSE:ALO) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as C$2.41 and last traded at C$2.40, with a volume of 132801 shares. The stock had previously closed at C$2.46.

Several research analysts have commented on the company. BMO Capital Markets lowered their target price on Alio Gold from C$4.00 to C$3.50 in a research note on Thursday, May 10th. TD Securities lowered their target price on Alio Gold from C$6.50 to C$6.00 in a research note on Thursday, May 10th. Royal Bank of Canada lowered their target price on Alio Gold from C$6.00 to C$4.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 1st. Raymond James raised Alio Gold from an “underperform” rating to a “market perform” rating and lowered their target price for the stock from C$7.25 to C$5.00 in a research note on Friday, March 23rd. Finally, National Bank Financial lowered their target price on Alio Gold from C$7.25 to C$7.00 in a research note on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Alio Gold currently has an average rating of “Hold” and a consensus price target of C$5.50.

Alio Gold (TSE:ALO) last released its quarterly earnings results on Wednesday, February 21st. The company reported C($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.05) by C($0.03). The firm had revenue of C$26.16 million for the quarter. Alio Gold had a return on equity of 11.98% and a net margin of 20.63%.

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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