Alacer Gold (ASR) Price Target Lowered to C$3.25 at Scotiabank

Alacer Gold (TSE:ASR) had its target price cut by analysts at Scotiabank from C$3.75 to C$3.25 in a report issued on Wednesday. The brokerage currently has a “sector perform” rating on the mining company’s stock. Scotiabank’s price target would indicate a potential upside of 49.77% from the company’s previous close.

Separately, BMO Capital Markets dropped their target price on shares of Alacer Gold from C$3.00 to C$2.50 in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Alacer Gold has a consensus rating of “Buy” and a consensus target price of C$3.23.

Alacer Gold (TSE ASR) traded up C$0.03 during trading hours on Wednesday, reaching C$2.17. 713,900 shares of the company’s stock traded hands, compared to its average volume of 420,291. The stock has a market cap of $636.01, a P/E ratio of 6.20 and a beta of -1.06. Alacer Gold has a 12 month low of C$1.95 and a 12 month high of C$3.11.

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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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