Alacer Gold (TSE:ASR) PT Raised to C$5.50 at Royal Bank of Canada

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Alacer Gold (TSE:ASR) had its price target lifted by equities research analysts at Royal Bank of Canada from C$4.00 to C$5.50 in a report released on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the mining company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 26.15% from the stock’s previous close.

ASR has been the topic of several other reports. Raymond James boosted their price objective on Alacer Gold from C$4.25 to C$5.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. BMO Capital Markets boosted their price objective on Alacer Gold from C$3.50 to C$3.75 in a research report on Wednesday, May 1st. CIBC boosted their price objective on Alacer Gold from C$4.00 to C$4.50 in a research report on Monday, April 8th. Finally, National Bank Financial boosted their price objective on Alacer Gold from C$5.00 to C$5.25 and gave the company an “outperform” rating in a research report on Tuesday, May 21st.

Shares of Alacer Gold stock traded up C$0.34 during trading hours on Monday, hitting C$4.36. The company’s stock had a trading volume of 980,623 shares, compared to its average volume of 930,398. The stock has a 50 day moving average price of C$3.82. Alacer Gold has a 12-month low of C$1.97 and a 12-month high of C$4.42. The firm has a market cap of $1.21 billion and a P/E ratio of -145.00. The company has a current ratio of 1.54, a quick ratio of 0.73 and a debt-to-equity ratio of 45.66.

Alacer Gold (TSE:ASR) last announced its quarterly earnings data on Tuesday, April 30th. The mining company reported C$0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.07 by C$0.01. The business had revenue of C$97.75 million during the quarter. As a group, analysts predict that Alacer Gold will post 0.37 EPS for the current year.

About Alacer Gold

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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