Alacer Gold (TSE:ASR) had its target price lifted by analysts at BMO Capital Markets from C$2.50 to C$3.00 in a research report issued on Friday. BMO Capital Markets’ target price points to a potential upside of 14.50% from the company’s current price.

A number of other research analysts also recently commented on ASR. Raymond James reaffirmed an “outperform” rating and set a C$3.15 price objective on shares of Alacer Gold in a research report on Wednesday, October 31st. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Alacer Gold in a research report on Tuesday, November 6th. Finally, National Bank Financial boosted their price objective on shares of Alacer Gold from C$3.75 to C$4.00 and gave the company a “sector perform” rating in a research report on Wednesday, November 14th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Alacer Gold currently has a consensus rating of “Buy” and a consensus price target of C$3.44.

ASR stock opened at C$2.62 on Friday. Alacer Gold has a 52-week low of C$1.97 and a 52-week high of C$2.97. The company has a quick ratio of 1.20, a current ratio of 1.93 and a debt-to-equity ratio of 38.39.

Alacer Gold (TSE:ASR) last announced its quarterly earnings data on Tuesday, October 30th. The mining company reported C($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of C$0.04 by C($0.16). The company had revenue of C$46.39 million for the quarter. As a group, analysts expect that Alacer Gold will post 0.260000006166008 earnings per share for the current year.

Alacer Gold Company Profile

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.

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Analyst Recommendations for Alacer Gold (TSE:ASR)

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