Alio Gold Inc (TSX: ALO), the Materials sector company, was revisited by a Wall Street analyst on October 18. On October 18, analyst Mark Mihaljevic gave a Hold rating to ALO and set a C$1.50 price target.
According to TipRanks.com, Mihaljevic ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -10.5% and a 35.5% success rate. Mihaljevic covers the Basic Materials sector, focusing on stocks such as Guyana Goldfields Inc, Hecla Mining Company, and Pan American Silver.
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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alio Gold Inc with a C$2.55 average price target.
Based on Alio Gold Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$4.24 million. In comparison, last year the company had a net profit of C$6.51 million.
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$1.03, close to its 52-week low of C$0.81.
