Alacer Gold Corp’s (ASR) “Outperform” Rating Reiterated at Scotiabank
Alacer Gold Corp (TSE:ASR)‘s stock had its “outperform” rating reaffirmed by Scotiabank in a report released on Thursday. They currently have a C$4.50 price target on the mining company’s stock. Scotiabank’s price target would suggest a potential upside of 54.64% from the company’s current price.
Several other analysts have also recently weighed in on the company. CIBC reduced their price target on Alacer Gold Corp from C$3.50 to C$3.25 in a report on Thursday. National Bank Financial boosted their price target on Alacer Gold Corp from C$3.75 to C$3.85 in a report on Wednesday, July 13th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Alacer Gold Corp presently has an average rating of “Hold” and an average target price of C$3.87.
Shares of Alacer Gold Corp (TSE:ASR) traded down 2.75% on Thursday, reaching $2.83. 637,215 shares of the company were exchanged. The stock has a market capitalization of $826.19 million and a P/E ratio of 25.96. The stock has a 50 day moving average price of $3.24 and a 200-day moving average price of $3.16. Alacer Gold Corp has a 12 month low of $2.08 and a 12 month high of $3.79.
Alacer Gold Corp Company Profile
Alacer Gold Corp. (Alacer) is an intermediate gold mining company. The Company operates in the segment of mining, development and exploration of mineral deposits in Turkey. The Company’s principal products are gold, copper and silver. The Company has an interest in the Copler Gold Mine in Turkey. Its Copler Sulfide Expansion Project is a gold exploration project located in east-central Turkey.
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