BMO Capital Markets Reiterates Outperform Rating for Ascot Resources (TSE:AOT)

Ascot Resources (TSE:AOT)‘s stock had its “outperform” rating reaffirmed by research analysts at BMO Capital Markets in a note issued to investors on Thursday, Stock Target Advisor reports. They presently have a C$1.25 price objective on the stock. BMO Capital Markets’ price target points to a potential upside of 165.96% from the stock’s current price.

Several other equities research analysts also recently issued reports on AOT. Raymond James upgraded Ascot Resources from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$0.90 to C$1.00 in a report on Tuesday, April 23rd. Desjardins raised Ascot Resources to a “moderate buy” rating in a research report on Friday, May 10th.

Ascot Resources Trading Down 7.8 %

Shares of AOT traded down C$0.04 during trading hours on Thursday, hitting C$0.47. 251,458 shares of the stock traded hands, compared to its average volume of 579,044. The company has a current ratio of 0.64, a quick ratio of 1.73 and a debt-to-equity ratio of 7.77. Ascot Resources has a 1-year low of C$0.34 and a 1-year high of C$0.91. The firm has a market capitalization of C$293.35 million, a PE ratio of -23.25 and a beta of 1.66. The business has a fifty day moving average of C$0.69 and a 200-day moving average of C$0.65.

Ascot Resources (TSE:AOT) last issued its quarterly earnings results on Monday, May 13th. The company reported C($0.01) earnings per share (EPS) for the quarter. Analysts expect that Ascot Resources will post 0.005022 EPS for the current year.

About Ascot Resources

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