Alacer Gold (TSE:ASR) had its price objective lifted by equities research analysts at BMO Capital Markets from C$3.75 to C$4.50 in a report released on Friday, BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 11.94% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. National Bank Financial raised their target price on Alacer Gold from C$5.00 to C$5.25 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Raymond James raised their target price on Alacer Gold from C$4.25 to C$5.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, CIBC raised their target price on Alacer Gold from C$4.00 to C$4.50 in a research report on Monday, April 8th.
Alacer Gold stock opened at C$4.02 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.54 and a debt-to-equity ratio of 45.66. The company has a market cap of $1.21 billion and a P/E ratio of -134.00. Alacer Gold has a one year low of C$1.97 and a one year high of C$4.28.
Alacer Gold Company Profile
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.
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