RE:RE:Good morning Mr. B.Exactly. The most negative analyst I can find is BMO and they have a target of $6. They like the project but think more financing will be needed. They could be right but in the long run I think it will depend on the gold price. In the meantime, having a lot of cash from the last financing at a good price is nice to have. Having been screwed in the past, by brokers, I have no sympathy for them. If we got a good deal or the price was too high at their expense it is OK with me.
FWIW, I know they are often wrong but consensus is $7.54. The important thing to me more than the target is that it is rising and that there are more analysts covering the stock. This is normally a good sign.
https://www.4-traders.com/ALIO-GOLD-INC-1411958/consensus/