Alacer Gold Corp (TSE:ASR)’s share price rose 2.3% on Tuesday . The company traded as high as C$2.27 and last traded at C$2.25. Approximately 210,833 shares traded hands during trading, a decline of 57% from the average daily volume of 485,961 shares. The stock had previously closed at C$2.20.

ASR has been the subject of a number of research analyst reports. National Bank Financial increased their price target on Alacer Gold Corp from C$3.50 to C$3.75 and gave the stock a “sector perform” rating in a report on Wednesday, August 2nd. Raymond James Financial, Inc. reiterated an “outperform” rating and set a C$3.15 price target on shares of Alacer Gold Corp in a report on Thursday, September 21st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Alacer Gold Corp has a consensus rating of “Buy” and an average price target of C$3.40.

The firm has a 50-day moving average price of $2.18 and a 200-day moving average price of $2.19. The firm has a market capitalization of $662.39 million and a price-to-earnings ratio of 28.25.

In other news, Director Thomas Robert Bates purchased 50,000 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was bought at an average cost of C$2.10 per share, for a total transaction of C$105,000.00.

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About Alacer Gold Corp

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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