Shares of Alio Gold Inc (TSE:TMM) (NYSE:TGD) have been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$0.89.
A number of analysts have recently weighed in on the stock. Raymond James Financial, Inc. boosted their price objective on shares of Alio Gold from C$0.90 to C$1.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Scotiabank boosted their price objective on shares of Alio Gold from C$0.75 to C$0.80 and gave the stock a “sector perform” rating in a research note on Monday, May 15th. Clarus Securities restated a “buy” rating on shares of Alio Gold in a research note on Friday, May 12th. Finally, TD Securities boosted their price objective on shares of Alio Gold from C$1.00 to C$1.15 and gave the stock a “buy” rating in a research note on Friday, May 12th.
Alio Gold (TSE:TMM) traded up 4.84% during midday trading on Friday, reaching $0.65. 2,416,427 shares of the company were exchanged. The firm’s 50-day moving average is $0.55 and its 200-day moving average is $0.50. Alio Gold has a one year low of $0.30 and a one year high of $0.80.
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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