Bullboard - Stock Discussion Forum Alio Gold Inc. T.ALO

Metals & Mining Industrial Metals & Minerals

"Alio Gold Inc is a gold mining company. It is engaged in exploration, development and production in Mexico. Its projects include San Francisco mine in Sonora, Mexico and the development stage Ana Paula project in Guerrero, Mexico."

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TSX:ALO - Post Discussion

Alio Gold Inc. > Raymond James downgrades

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Post by fb454 on Nov 21, 2017 12:22pm

Raymond James downgrades

Alio Gold to underperform from outperform. Cuts price from 9.50 to 7.25. This news out on the NYSE at 11:59 a.m. e.s.t.

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Comment by challenger426 on Nov 21, 2017 3:50pm

Keep in mind that Raymond James had a previous boost to the target price back in July with a $10 target....so much for that call which probably caused a spike in the share price. I'm not alone in thinking that some analysts rate stocks to manipulate their prices to benefit them or another company which in turn returns the favour with a different stock. I think Raymond James or a ...more

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Comment by Weeble on Nov 21, 2017 9:40pm

On Nov 9th, TD said $10.50. I can't post the full report but here is the preamble. Alio Gold Inc. Steven Green, CFA (ALO-T, ALO-N) C$4.73 | US$3.89 Mengdi Li, CPA, CA (Associate) 2017 Guidance Reduced; However 2018 Outlook Intact Event Recommendation: Alio Gold reported Q3/17 financial results; production was previously released. The company has also reduced their 2017 production ...more

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Alio Gold Inc.