Alacer Gold Corp PT Raised to C$3.50 at RBC Capital (ASR)
Equities researchers at RBC Capital boosted their target price on shares of Alacer Gold Corp (TSE:ASR) from C$3.25 to C$3.50 in a research report issued on Wednesday. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price target would suggest a potential upside of 22.81% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Raymond James upgraded shares of Alacer Gold Corp from a “market perform” rating to an “outperform” rating in a research note on Tuesday, June 17th. They now have a C$3.50 price target on the stock, up previously from C$3.00. Analysts at BMO Capital Markets cut their price target on shares of Alacer Gold Corp from C$3.50 to C$3.25 in a research note on Tuesday, June 17th. They now have a “market perform” rating on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of C$3.46.
Alacer Gold Corp (TSE:ASR) traded up 6.74% during mid-day trading on Wednesday, hitting $2.85. The stock had a trading volume of 616,306 shares. Alacer Gold Corp has a one year low of $1.98 and a one year high of $3.65. The stock has a 50-day moving average of $2.54 and a 200-day moving average of $2.66. The company’s market cap is $827.5 million.
Alacer Gold Corp (TSE:ASR) last released its earnings data on Tuesday, April 29th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.02. Analysts expect that Alacer Gold Corp will post $0.21 EPS for the current fiscal year.
Alacer Gold Corp, located in the United States, is an explorer and producer of gold. The Company specializes in the exploration and production of gold in Turkey and Australia.
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