Alacer Gold (TSE:ASR) had its price target hoisted by Raymond James from C$3.15 to C$4.25 in a research note issued to investors on Friday. Raymond James’ price target would suggest a potential upside of 60.98% from the company’s current price.
ASR has been the topic of several other reports. National Bank Financial increased their price objective on Alacer Gold from C$3.75 to C$4.00 and gave the company a “sector perform” rating in a research note on Wednesday, November 14th. Royal Bank of Canada restated an “outperform” rating on shares of Alacer Gold in a research note on Tuesday, November 6th. Finally, BMO Capital Markets raised their price target on Alacer Gold from C$2.50 to C$3.00 in a research note on Friday, January 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Alacer Gold presently has a consensus rating of “Buy” and an average target price of C$3.63.
Shares of TSE ASR opened at C$2.64 on Friday. The company has a debt-to-equity ratio of 38.39, a quick ratio of 1.20 and a current ratio of 1.93. Alacer Gold has a 12-month low of C$1.97 and a 12-month high of C$2.97.
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.
Recommended Story: Yield Curve
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.