Alacer Gold Corp (ASR) Given Consensus Rating of “Hold” by Analysts

Shares of Alacer Gold Corp (TSE:ASR) have been given an average recommendation of “Buy” by the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$3.04.

Several equities analysts have recently commented on ASR shares. BMO Capital Markets cut their price target on Alacer Gold from C$3.00 to C$2.50 in a research note on Wednesday, November 1st. Scotiabank lowered Alacer Gold from an “outperform” rating to a “sector perform” rating and set a C$3.75 price target on the stock. in a research note on Wednesday, November 1st.

Alacer Gold (ASR) opened at C$2.33 on Wednesday. The company has a market capitalization of $688.76, a price-to-earnings ratio of 10.59 and a beta of -1.14. Alacer Gold has a 52 week low of C$1.95 and a 52 week high of C$3.11.

Alacer Gold (TSE:ASR) last announced its quarterly earnings results on Tuesday, October 31st. The mining company reported C$0.13 EPS for the quarter, beating the consensus estimate of C$0.11 by C$0.02. Alacer Gold had a return on equity of 16.88% and a net margin of 76.06%.

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About Alacer Gold

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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