Alacer Gold (TSE:ASR) Price Target Raised to C$4.50

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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 (TSE:ASR) last posted its earnings results on Tuesday, April 30th. The mining company reported C$0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.07 by C$0.01. The company had revenue of C$97.75 million for the quarter. On average, equities research analysts forecast that Alacer Gold will post 0.37 EPS for the current fiscal year.

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 Çöpler gold mine that is located in the Erzincan Province, east-central Turkey. The company is based in Denver, Colorado.

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