National Bank Financial Analysts Lower Earnings Estimates for Alacer Gold Corp (ASR)
Alacer Gold Corp (TSE:ASR) – Equities research analysts at National Bank Financial decreased their FY2018 earnings per share (EPS) estimates for Alacer Gold Corp in a note issued to investors on Tuesday. National Bank Financial analyst D. Demarco now anticipates that the mining company will post earnings of $0.04 per share for the year, down from their previous forecast of $0.05. National Bank Financial currently has a “Sector Perform Market Weight” rating on the stock.
ASR has been the topic of several other research reports. Scotiabank reaffirmed an “outperform” rating and set a C$3.75 price target on shares of Alacer Gold Corp in a research report on Wednesday, May 3rd. CIBC reduced their price target on shares of Alacer Gold Corp from C$3.00 to C$2.75 in a research report on Wednesday, May 3rd. Finally, ValuEngine raised shares of Alacer Gold Corp from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$3.45.
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Alacer Gold Corp (ASR) traded down 0.93% on Thursday, hitting $2.14. The stock had a trading volume of 349,311 shares. The stock has a market cap of $627.21 million and a PE ratio of 26.75. The firm’s 50 day moving average price is $2.11 and its 200-day moving average price is $2.38. Alacer Gold Corp has a 12 month low of $1.75 and a 12 month high of $3.79.
About Alacer Gold Corp
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