Alacer Gold (TSE:ASR) Price Target Increased to C$4.50 by Analysts at BMO Capital Markets

Alacer Gold (TSE:ASR) had its target price boosted by stock analysts at BMO Capital Markets from C$3.75 to C$4.50 in a research report issued on Friday, BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 10.84% from the company’s current price.

Other research analysts also recently issued research reports about the stock. CIBC lifted their price objective on shares of Alacer Gold from C$4.00 to C$4.50 in a research report on Monday, April 8th. National Bank Financial lifted their price objective on shares of Alacer Gold from C$5.00 to C$5.25 and gave the company an “outperform” rating in a research report on Tuesday, May 21st. Finally, Raymond James lifted their price objective on shares of Alacer Gold from C$4.25 to C$5.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd.

Shares of ASR traded down C$0.04 during midday trading on Friday, reaching C$4.06. The stock had a trading volume of 510,757 shares, compared to its average volume of 926,890. Alacer Gold has a one year low of C$1.97 and a one year high of C$4.28. The company has a market cap of $1.21 billion and a PE ratio of -135.33. The company has a debt-to-equity ratio of 45.66, a current ratio of 1.54 and a quick ratio of 0.73.

Alacer Gold (TSE:ASR) last announced its quarterly earnings data on Tuesday, April 30th. The mining company reported C$0.08 EPS for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.01. The firm had revenue of C$97.75 million during the quarter. Analysts expect that Alacer Gold will post 0.37 earnings per share for the current year.

About Alacer Gold

Alacer Gold Corp. engages in the mining, development, and exploration of mineral deposits in Turkey. It primarily holds an 80% interest in the Çöpler gold mine that is located in the Erzincan Province, east-central Turkey. The company is based in Denver, Colorado.

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