Alacer Gold (TSE:ASR) Price Target Raised to C$8.50
Alacer Gold (TSE:ASR) had its target price upped by analysts at BMO Capital Markets from C$5.50 to C$8.50 in a report released on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price target suggests a potential upside of 63.15% from the company’s current price.
A number of other equities analysts have also issued reports on ASR. Raymond James set a C$6.00 target price on shares of Alacer Gold and gave the company an “outperform” rating in a research report on Wednesday, July 31st. National Bank Financial boosted their price target on shares of Alacer Gold from C$7.25 to C$8.00 and gave the stock an “outperform” rating in a research report on Thursday, September 5th. Bank of America upgraded shares of Alacer Gold from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from C$4.35 to C$6.00 in a research report on Friday, August 16th. Royal Bank of Canada upped their price target on shares of Alacer Gold from C$4.00 to C$5.50 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Finally, CIBC increased their price objective on shares of Alacer Gold from C$5.25 to C$6.00 in a report on Wednesday, July 31st.
Shares of ASR traded up C$0.06 during midday trading on Wednesday, hitting C$5.21. 314,921 shares of the stock traded hands, compared to its average volume of 958,038. The business’s 50 day moving average price is C$5.58 and its two-hundred day moving average price is C$4.33. The firm has a market capitalization of $1.52 billion and a PE ratio of 91.40. The company has a debt-to-equity ratio of 43.05, a quick ratio of 0.88 and a current ratio of 1.74. Alacer Gold has a 1-year low of C$1.97 and a 1-year high of C$6.25.
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 ÃÃ¶pler gold mine that is located in the Erzincan Province, east-central Turkey. The company is based in Denver, Colorado.
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