Alio Gold (ALO) Announces Earnings Results
Alio Gold (TSE:ALO) posted its quarterly earnings results on Thursday. The company reported C($0.05) EPS for the quarter, reports. The business had revenue of C$36.52 million for the quarter.
Shares of TSE ALO opened at C$0.93 on Friday. Alio Gold has a 1 year low of C$0.81 and a 1 year high of C$4.92. The company has a debt-to-equity ratio of 8.74, a current ratio of 3.15 and a quick ratio of 1.23.
A number of equities research analysts have commented on the stock. TD Securities reduced their price target on shares of Alio Gold from C$6.00 to C$4.50 and set a “buy” rating for the company in a report on Monday, August 13th. BMO Capital Markets reduced their price objective on shares of Alio Gold from C$3.50 to C$1.50 in a report on Monday, August 13th. Clarus Securities cut shares of Alio Gold from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Pi Financial reduced their price objective on shares of Alio Gold from C$2.70 to C$2.00 and set a “buy” rating for the company in a report on Friday, September 28th. Finally, Raymond James cut shares of Alio Gold from a “market perform” rating to an “underperform” rating and reduced their price objective for the company from C$4.50 to C$1.00 in a report on Wednesday, August 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Alio Gold has an average rating of “Hold” and an average target price of C$3.54.
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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