Analyst Actions: Alio Gold Keeps Market Perform, $6 Target Price from BMO Capital

Gold Production in Mexico

Targeting 2013 annual production of 118,000 ounces of gold

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Analyst Actions: Alio Gold Keeps Market Perform, $6 Target Price from BMO Capital

posted on Oct 06, 2017 02:14PM

2017-10-06 09:56:16 AM ET (MT Newswires)

09:56 AM EDT, 10/06/2017 (MT Newswires) -- Alio Gold (ALO.TO) has been reaffirmed with a market perform rating and target price of $6 by BMO Capital.

BMO said there is still some funding required for the Ana Paula development project, which will likely be some combination of debt and equity. The limited mine life at San Francisco also acts to depress valuation.

BMO reduced its EPS forecasts to $0.50 for 2017 and to $0.40 for 2018 but kept its 2019 estimate at $0.32.

Price: 5.19 , Change: 0, Percent Change: 0

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