Alacer Gold (TSE:ASR)‘s stock had its “outperform” rating reissued by analysts at Raymond James in a research note issued to investors on Friday. They presently have a C$3.15 target price on the mining company’s stock. Raymond James’ target price indicates a potential upside of 20.23% from the company’s current price.
Several other equities research analysts have also recently commented on ASR. BMO Capital Markets raised their target price on Alacer Gold from C$2.50 to C$3.00 in a research note on Friday. Royal Bank of Canada raised their target price on Alacer Gold from C$3.50 to C$3.75 in a research note on Thursday, December 13th. Finally, National Bank Financial raised their target price on Alacer Gold from C$3.75 to C$4.00 and gave the stock a “sector perform” rating in a research note on Wednesday, November 14th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of C$3.44.
Shares of ASR stock traded up C$0.05 on Friday, hitting C$2.62. The company had a trading volume of 411,500 shares, compared to its average volume of 350,781. The company has a debt-to-equity ratio of 38.39, a current ratio of 1.93 and a quick ratio of 1.20. Alacer Gold has a twelve month low of C$1.97 and a twelve month high of C$2.97.
Alacer Gold (TSE:ASR) last issued its quarterly earnings results on Tuesday, October 30th. The mining company reported C($0.12) earnings per share for the quarter, missing the consensus estimate of C$0.04 by C($0.16). The firm had revenue of C$46.39 million during the quarter. Research analysts expect that Alacer Gold will post 0.260000006166008 earnings per share for the current year.
Alacer Gold Company Profile
Alacer Gold Corp. engages in the mining, development, and exploration of mineral deposits in Turkey. It primarily holds an 80% interest in the ÃÃ¶pler gold mine that is located in the Erzincan Province, east-central Turkey. The company is based in Denver, Colorado.
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