Alio Gold (ALO) Reaches New 52-Week Low at $0.72
Alio Gold Inc (TSE:ALO) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.72 and last traded at C$0.73, with a volume of 6650 shares changing hands. The stock had previously closed at C$0.74.
A number of research analysts have issued reports on ALO shares. Pi Financial cut their price objective on Alio Gold from C$1.90 to C$1.60 in a report on Monday, March 25th. Cormark cut their price objective on Alio Gold from C$2.50 to C$1.80 in a report on Thursday, March 14th. TD Securities cut their price objective on Alio Gold from C$3.75 to C$2.50 and set a “buy” rating for the company in a report on Thursday, March 14th. Finally, Raymond James reissued an “underperform” rating and set a C$1.00 price objective on shares of Alio Gold in a report on Friday, March 15th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of C$1.61.
The company has a quick ratio of 0.99, a current ratio of 2.95 and a debt-to-equity ratio of 3.47. The firm has a market cap of $62.68 million and a PE ratio of -3.66.
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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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