Wall Street analyst has provided a rating update for the Materials sector company on September 16, while remaining neutral on the stock. Analyst Mark Mihaljevic remains neutral on Alio Gold Inc (TSX: ALO) and has a C$1.25 price target.
According to TipRanks.com, Mihaljevic is ranked #4747 out of 4876 analysts.
Currently, the analyst consensus on Alio Gold Inc is a Hold with an average price target of C$2.40.
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$4.72 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 Tuesday at C$0.87, close to its 52-week low of C$0.81.
