Alio Gold Inc (ALO), the Materials sector company, has received a rating update from a Wall Street analyst today. Analyst Steven Green from TD Securities remains bullish on the stock and has a C$4 price target.
According to TipRanks.com, Green is ranked 0 out of 5 stars with an average return of -15.1% and a 27.1% success rate. Green covers the Basic Materials sector, focusing on stocks such as Alamos Gold Inc, TMAC Resources, and IAMGOLD Corp.
Currently, the analyst consensus on Alio Gold Inc is a Moderate Buy with an average price target of C$1.50.
The company has a one-year high of C$4.94 and a one-year low of C$0.81. Currently, Alio Gold Inc has an average volume of 227K.
Alio Gold, Inc., through it subsidiaries, engages in acquiring, exploring, developing, and operating mineral resource properties. It operates through the following segments: San Francisco Mine, Ana Paula Project, and Other. The Other segment includes corporate assets, derivative assets, warrant liabilities, and corporate and administrative expenses.
The company’s shares closed on Friday at C$0.93, close to its 52-week low of C$0.81.