Analyst Actions: Alio Gold Maintained with Market Perform, $5.25 Target Price at BMO Capital

Gold Production in Mexico

Targeting 2013 annual production of 118,000 ounces of gold

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Analyst Actions: Alio Gold Maintained with Market Perform, $5.25 Target Price at BMO Capital

posted on Jan 12, 2018 01:34PM

2018-01-12 11:39:47 AM ET (MT Newswires)

11:39 AM EST, 01/12/2018 (MT Newswires) -- Alio Gold (ALO.TO) has shed 2% in recent trade after BMO Capital kept its market perform rating and target price of $5.25.

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 $0.41 for 2017 and to $0.45 for 2018.

Price: 4.45, Change: -0.09, Percent Change: -2.0

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