10:43 AM EDT, 03/20/2018 (MT Newswires) -- Alio Gold (ALO.TO) tumbled in recent trade after BMO Capital reduced its target price on the stock to $4 while keeping a market perform view.

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 still expects 2017 EPS of $0.38 but increased its 2018 forecast to $0.46.

Price: 2.57, Change: -0.26, Percent Change: -9.2