In a new note to investors on August 22, an analyst has provided a rating update for the Materials sector company, Alio Gold Inc (TSX: ALO). Raymond James’ analyst Tara Hassan downgraded ALO to Sell on August 22 , with a C$1 price target.
According to TipRanks.com, Hassan is ranked #4205 out of 4866 analysts.
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Currently, the analyst consensus on Alio Gold Inc is a Hold with an average price target of C$2.50.
Alio Gold Inc’s market cap is currently C$81.27M and has a P/E ratio of 4.9. The company has a Price to Book ratio of 0.23.
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$0.97, close to its 52-week low of C$0.91.
