Alacer Gold Corp (ASR) Raised to Hold at ValuEngine
Alacer Gold Corp (TSE:ASR) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Thursday.
A number of other equities research analysts have also issued reports on the company. CIBC cut their price target on Alacer Gold Corp from C$3.00 to C$2.75 in a research note on Wednesday, May 3rd. Scotiabank reiterated an “outperform” rating and issued a C$3.75 price target on shares of Alacer Gold Corp in a research note on Wednesday, May 3rd. Royal Bank of Canada increased their price target on Alacer Gold Corp from C$3.25 to C$3.50 and gave the stock an “outperform” rating in a research note on Thursday, January 19th. Finally, BMO Capital Markets increased their price target on Alacer Gold Corp from C$3.00 to C$3.50 and gave the stock a “market perform” rating in a research note on Wednesday, February 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Alacer Gold Corp presently has an average rating of “Hold” and a consensus price target of C$3.64.
Alacer Gold Corp (TSE:ASR) traded up 3.202% during mid-day trading on Thursday, reaching $2.095. The company’s stock had a trading volume of 676,991 shares. The firm has a market cap of $613.52 million and a PE ratio of 52.375. The company has a 50-day moving average price of $2.44 and a 200-day moving average price of $2.49. Alacer Gold Corp has a 12-month low of $1.75 and a 12-month high of $3.79.
About Alacer Gold Corp
Alacer Gold Corp. is an intermediate gold mining company. The Company is engaged in mining, development and exploration of mineral deposits in Turkey. The Company’s segments include Turkish Business Unit and Corporate and other. It is engaged in the acquisition, exploration and production of gold in Turkey.
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