Alio Gold (TSE:ALO) Hits New 12-Month High at $1.29

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Alio Gold Inc (TSE:ALO) hit a new 52-week high on Friday . The stock traded as high as C$1.29 and last traded at C$1.29, with a volume of 107900 shares trading hands. The stock had previously closed at C$1.21.

A number of equities analysts have issued reports on ALO shares. TD Securities downgraded Alio Gold from a “buy” rating to a “tender” rating in a research note on Wednesday, April 1st. Pi Financial reaffirmed a “tender” rating and set a C$1.00 target price on shares of Alio Gold in a research report on Tuesday, May 12th. Finally, BMO Capital Markets downgraded Alio Gold from an “outperform” rating to a “market perform” rating in a report on Tuesday, March 31st.

The company’s 50-day simple moving average is C$0.95 and its 200 day simple moving average is C$0.90. The stock has a market cap of $106.63 million and a P/E ratio of -0.78. The company has a current ratio of 1.88, a quick ratio of 0.28 and a debt-to-equity ratio of 47.69.

Alio Gold (TSE:ALO) last issued its quarterly earnings results on Wednesday, March 18th. The company reported C$0.01 EPS for the quarter. The business had revenue of C$32.56 million for the quarter. Research analysts anticipate that Alio Gold Inc will post 0.16 earnings per share for the current fiscal year.

About Alio Gold (TSE:ALO)

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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