National Bank Financial Analysts Raise Earnings Estimates for Alacer Gold Corp (ASR)
Alacer Gold Corp (TSE:ASR) – Equities researchers at National Bank Financial upped their FY2017 earnings per share estimates for shares of Alacer Gold Corp in a research note issued to investors on Tuesday. National Bank Financial analyst D. Demarco now expects that the mining company will post earnings of $0.20 per share for the year, up from their previous estimate of $0.18. National Bank Financial has a “Sector Perform Market Weight” rating on the stock.
Separately, Raymond James Financial, Inc. restated an “outperform” rating and set a C$3.15 price objective on shares of Alacer Gold Corp in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Alacer Gold Corp presently has an average rating of “Buy” and an average price target of C$3.40.
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Alacer Gold Corp (TSE:ASR) opened at 2.26 on Thursday. The firm’s 50-day moving average is $2.19 and its 200-day moving average is $2.19. Alacer Gold Corp has a 12 month low of $1.75 and a 12 month high of $3.18. The firm has a market cap of $662.39 million and a PE ratio of 28.25.
In other news, Director Thomas Robert Bates acquired 50,000 shares of Alacer Gold Corp stock in a transaction on Thursday, August 24th. The stock was bought at an average cost of C$2.10 per share, with a total value of C$105,000.00.
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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