Raymond James Reaffirms Their Sell Rating on Alio Gold Inc (ALO)


The Materials sector company, Alio Gold Inc (ALO), has received a rating update from a Wall Street analyst today. Analyst Tara Hassan from Raymond James reiterated a Sell rating, with a C$1 price target.

According to TipRanks.com, Hassan is a 4-star analyst with an average return of 11.2% and a 64.8% success rate. Hassan covers the Basic Materials sector, focusing on stocks such as MAG Silver Corp, Alamos Gold Inc, and Alio Gold Inc.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Alio Gold Inc with a C$1.25 average price target.

The company has a one-year high of C$3.23 and a one-year low of C$0.81. Currently, Alio Gold Inc has an average volume of 144K.

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$1.01, close to its 52-week low of C$0.81.