Ascot Resources (TSE:AOT) Upgraded to “Outperform” by Raymond James

Ascot Resources (TSE:AOT) was upgraded by equities researchers at Raymond James from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday, BayStreet.CA reports. The firm currently has a C$1.00 price objective on the stock, up from their prior price objective of C$0.90. Raymond James’ price objective points to a potential upside of 29.87% from the company’s previous close.

Ascot Resources Stock Performance

Shares of TSE:AOT remained flat at C$0.77 during mid-day trading on Tuesday. The company had a trading volume of 104,211 shares, compared to its average volume of 575,212. The firm’s 50-day moving average price is C$0.70 and its 200-day moving average price is C$0.55. The company has a debt-to-equity ratio of 5.62, a quick ratio of 1.73 and a current ratio of 1.95. Ascot Resources has a one year low of C$0.34 and a one year high of C$0.91. The stock has a market cap of C$480.26 million, a PE ratio of -19.25 and a beta of 1.54.

Ascot Resources Company Profile

Ascot Resources Ltd. operates as a mineral development and exploration company in the United States and Canada. It explores for gold, silver, copper, porphyry copper, molybdenum, and gravel deposits. The Company's principal property includes two landholdings, including its 100% interests in the Premier Gold Project covering an area of 8,133 hectares; and Red Mountain Project that covers an area of 17,125 hectares located in British Columbia.