FY2017 EPS Estimates for Alacer Gold Corp (ASR) Reduced by National Bank Financial

Alacer Gold Corp (TSE:ASR) – Stock analysts at National Bank Financial lowered their FY2017 earnings per share estimates for shares of Alacer Gold in a research note issued to investors on Monday. National Bank Financial analyst D. Demarco now forecasts that the mining company will post earnings per share of $0.27 for the year, down from their prior forecast of $0.32. National Bank Financial also issued estimates for Alacer Gold’s FY2018 earnings at $0.05 EPS and FY2019 earnings at $0.43 EPS.

Alacer Gold (TSE:ASR) last posted its quarterly earnings data on Tuesday, October 31st. The mining company reported C$0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.11 by C$0.02. Alacer Gold had a return on equity of 16.88% and a net margin of 76.06%.

A number of other analysts have also commented on ASR. Scotiabank lowered Alacer Gold from an “outperform” rating to a “sector perform” rating and set a C$3.75 target price for the company. in a research report on Wednesday, November 1st. BMO Capital Markets decreased their target price on Alacer Gold from C$3.00 to C$2.50 in a research report on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of C$3.18.

Shares of Alacer Gold (TSE ASR) opened at C$2.28 on Thursday. Alacer Gold has a 12-month low of C$1.95 and a 12-month high of C$3.11. The company has a market capitalization of $647.73, a PE ratio of 10.36 and a beta of -1.14.

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Alacer Gold Company Profile

Alacer Gold Corp. is an intermediate gold mining company. The Company is engaged in mining, development and exploration of mineral deposits in Turkey. The Company’s segments include Turkish Business Unit and Corporate and other. It is engaged in the acquisition, exploration and production of gold in Turkey.

Earnings History and Estimates for Alacer Gold (TSE:ASR)

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