Alacer Gold (ASR) Price Target Raised to C$3.00
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 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 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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