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.

Alacer Gold (TSE:ASR) last released its quarterly earnings data on Tuesday, July 30th. The mining company reported C$0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.06 by C$0.04. The firm had revenue of C$57.20 million during the quarter. As a group, equities research analysts forecast that Alacer Gold will post 0.41 EPS for the current fiscal year.

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 Çöpler gold mine that is located in the Erzincan Province, east-central Turkey. The company is based in Denver, Colorado.

Recommended Story: Day Trading

Receive News & Ratings for Alacer Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alacer Gold and related companies with MarketBeat.com's FREE daily email newsletter.