Thomas Robert Bates Acquires 50,000 Shares of Alacer Gold Corp (ASR) Stock
Alacer Gold Corp (TSE:ASR) Director Thomas Robert Bates bought 50,000 shares of Alacer Gold Corp stock in a transaction that occurred on Thursday, August 24th. The stock was bought at an average price of C$2.10 per share, with a total value of C$105,000.00.
Alacer Gold Corp (ASR) traded down 0.94% during mid-day trading on Thursday, hitting $2.10. The stock had a trading volume of 353,672 shares. The stock’s 50 day moving average price is $2.10 and its 200 day moving average price is $2.34. Alacer Gold Corp has a one year low of $1.75 and a one year high of $3.79. The firm has a market capitalization of $615.49 million and a price-to-earnings ratio of 26.25.
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Several research analysts have commented on ASR shares. CIBC dropped their price target on Alacer Gold Corp from C$3.00 to C$2.75 in a research report on Wednesday, May 3rd. Scotiabank reaffirmed an “outperform” rating and issued a C$3.75 price target on shares of Alacer Gold Corp in a research report on Wednesday, May 3rd. ValuEngine raised Alacer Gold Corp from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Finally, National Bank Financial lifted their price target on Alacer Gold Corp from C$3.50 to C$3.75 and gave the stock a “sector perform” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Alacer Gold Corp currently has a consensus rating of “Buy” and an average price target of C$3.45.
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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