02:20 PM EDT, 08/20/2018 (MT Newswires) -- RBC Capital believes uncertainty around Alio's assets has "increased materially with the company suspending its 2018 outlook at San Francisco, not providing guidance for Florida Canyon, and putting Ana Paula on hold."
RBC has cut Alio Gold's share price to $1.75 (from $4.) Maintain Sector Perform/Speculative Risk.
"While shares may offer value for risk-tolerant investors, we do not expect a re-rating until updated mine plans for its assets are released, balance sheet strengthens, and operating results improve."
Alio Gold is trading at a new low of $1.00.
Price: 1.00, Change: -0.01, Percent Change: -0.99
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