Royal Bank of Canada Lowers Alio Gold (ALO) to Underperform

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Alio Gold (TSE:ALO) was downgraded by equities researchers at Royal Bank of Canada from a “sector perform” rating to an “underperform” rating in a research note issued on Thursday, January 17th. They presently have a C$1.50 target price on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 38.89% from the stock’s previous close.

A number of other equities analysts have also issued reports on ALO. Pi Financial lowered their price target on Alio Gold from C$2.70 to C$2.00 and set a “buy” rating on the stock in a report on Friday, September 28th. TD Securities lowered their price target on Alio Gold from C$4.25 to C$4.00 and set a “buy” rating on the stock in a report on Friday, November 9th. 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 company. The company has a consensus rating of “Hold” and an average price target of C$1.95.

ALO opened at C$1.08 on Thursday. The company has a debt-to-equity ratio of 8.33, a quick ratio of 1.01 and a current ratio of 3.35. Alio Gold has a one year low of C$0.81 and a one year high of C$4.03. The stock has a market cap of $88.10 million and a PE ratio of -135.00.

Alio Gold (TSE:ALO) last released its quarterly earnings results on Thursday, November 8th. The company reported C($0.05) earnings per share (EPS) for the quarter. The company had revenue of C$36.52 million during the quarter. As a group, equities research analysts anticipate that Alio Gold will post 0.00999999907407416 EPS for the current year.

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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Analyst Recommendations for Alio Gold (TSE:ALO)

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