Alacer Gold Corp. (ASR) Given Average Recommendation of “Hold” by Brokerages
Alacer Gold Corp. (TSE:ASR) has received an average recommendation of “Buy” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$3.04.
A number of research firms have recently weighed in on ASR. Scotiabank downgraded shares of Alacer Gold from an “outperform” rating to a “sector perform” rating and set a C$3.75 price target for the company. in a research report on Wednesday, November 1st. BMO Capital Markets dropped their price target on shares of Alacer Gold from C$3.00 to C$2.50 in a research report on Wednesday, November 1st. Finally, Raymond James Financial restated an “outperform” rating and set a C$3.15 price objective on shares of Alacer Gold in a research report on Thursday, September 21st.
Shares of Alacer Gold (ASR) opened at C$2.02 on Tuesday. Alacer Gold has a 1 year low of C$1.75 and a 1 year high of C$3.11.
Alacer Gold Company Profile
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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