Raymond James Lowers Alacer Gold Corp Price Target to C$3.25 (ASR)
Equities research analysts at Raymond James cut their target price on shares of Alacer Gold Corp (TSE:ASR) from C$4.00 to C$3.25 in a research note issued to investors on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “market perform” rating on the stock. Raymond James’ target price indicates a potential downside of 2.69% from the stock’s previous close.
Shares of Alacer Gold Corp (TSE:ASR) traded up 11.71% during mid-day trading on Wednesday, hitting $3.34. 1,865,366 shares of the company’s stock traded hands. Alacer Gold Corp has a 52-week low of $1.95 and a 52-week high of $7.33. The stock has a 50-day moving average of $2.89 and a 200-day moving average of $2.88.
ASR has been the subject of a number of other recent research reports. Analysts at RBC Capital downgraded shares of Alacer Gold Corp (TSE:ASR) from an “outperform” rating to a “sector perform” rating in a research note to investors on Tuesday, August 6th. They now have a C$3.00 price target on the stock, down previously from C$4.00. Analysts at Scotiabank cut their price target on shares of Alacer Gold Corp (TSE:ASR) from C$4.75 to C$3.75 in a research note to investors on Monday, July 8th.
Alacer Gold Corp. (TSE:ASR), formerly Anatolia Minerals Development Limited (Anatolia) is an intermediate gold producer.
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