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.

Alio Gold (TSE:ALO) last released its quarterly earnings results on Wednesday, May 8th. The company reported C$0.03 earnings per share (EPS) for the quarter. The business had revenue of C$41.76 million during the quarter. Equities analysts predict that Alio Gold Inc will post 0.06 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at

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.

Recommended Story: Day Trading – Risk Worth the Reward?

Receive News & Ratings for Alio Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alio Gold and related companies with's FREE daily email newsletter.