March 20, 2018 / 3:14 PM / 9 months ago

BUZZ-Alio Gold Inc: TD cuts PT on Rye Patch Gold Corp deal

** Canadian gold miner’s shares falls for second day, down >10.5 pct to 2-yr low of C$2.52

** Says on Monday it will buy Rye Patch Gold Corp in an all-stock deal

** Rye Patch shares, which rose 4.8 pct on Monday, were down 7.6 pct to C$1.22

** TD Securities cuts PT to C$6.50 from C$9 due to share dilution from deal

** Adds deal will diversify Alio beyond its one producing mine

** 3 of 5 brokerages rate the stock “buy” or higher and 2 “hold”; their median PT is C$6.50 (Reporting by Karan Nagarkatti)

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