National Bank Financial Equities Analysts Decrease Earnings Estimates for Alacer Gold Corp (ASR)
Alacer Gold Corp (TSE:ASR) – Research analysts at National Bank Financial cut their FY2017 earnings estimates for shares of Alacer Gold Corp in a note issued to investors on Wednesday. National Bank Financial analyst S. Parsons now anticipates that the firm will post earnings of ($0.06) per share for the year, down from their previous estimate of ($0.03).
Other research analysts have also issued research reports about the stock. Raymond James Financial Inc. raised their target price on shares of Alacer Gold Corp from C$4.25 to C$4.50 in a report on Monday, June 27th. Scotiabank raised their target price on shares of Alacer Gold Corp from C$4.50 to C$4.75 and gave the stock an “outperform” rating in a report on Wednesday, September 14th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of C$3.92.
Shares of Alacer Gold Corp (TSE:ASR) traded up 1.04% during mid-day trading on Monday, reaching $2.92. 258,515 shares of the company were exchanged. The firm has a market capitalization of $852.46 million and a PE ratio of 26.79. The company’s 50 day moving average price is $3.26 and its 200 day moving average price is $3.14. Alacer Gold Corp has a 12 month low of $2.08 and a 12 month high of $3.79.
About Alacer Gold Corp
Alacer Gold Corp. (Alacer) is an intermediate gold mining company. The Company operates in the segment of mining, development and exploration of mineral deposits in Turkey. The Company’s principal products are gold, copper and silver. The Company has an interest in the Copler Gold Mine in Turkey. Its Copler Sulfide Expansion Project is a gold exploration project located in east-central Turkey.
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