Alacer Gold Corp (ASR) Expected to Earn Q4 2017 Earnings of $0.09 Per Share
Alacer Gold Corp (TSE:ASR) – National Bank Financial raised their Q4 2017 earnings per share (EPS) estimates for Alacer Gold in a research note issued to investors on Monday. National Bank Financial analyst D. Demarco now anticipates that the mining company will post earnings per share of $0.09 for the quarter, up from their prior forecast of $0.06. National Bank Financial also issued estimates for Alacer Gold’s FY2020 earnings at $0.46 EPS.
Several other equities research analysts also recently commented on ASR. Scotiabank cut shares of Alacer Gold from an “outperform” rating to a “sector perform” rating and set a C$3.75 target price for the company. in a report on Wednesday, November 1st. BMO Capital Markets reduced their target price on shares of Alacer Gold from C$3.00 to C$2.50 in a report on Wednesday, November 1st. Finally, Raymond James Financial reissued an “outperform” rating and set a C$3.15 target price on shares of Alacer Gold in a report on Thursday, September 21st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Alacer Gold has an average rating of “Hold” and an average target price of C$3.23.
Alacer Gold (TSE:ASR) last announced its earnings results on Tuesday, October 31st. The mining company reported C$0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.11 by C$0.02. Alacer Gold had a net margin of 76.06% and a return on equity of 16.88%.
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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