Alacer Gold (ASR) PT Raised to C$4.25

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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.

Alacer Gold (TSE:ASR) last announced its quarterly earnings data on Tuesday, October 30th. The mining company reported C($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.16). The firm had revenue of C$46.39 million during the quarter. As a group, equities research analysts predict that Alacer Gold will post 0.259999978333335 earnings per share for the current 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.

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