Alacer Gold (TSE:ASR) Lifted to “Outperform” at National Bank Financial

National Bank Financial upgraded shares of Alacer Gold (TSE:ASR) from a sector perform rating to an outperform rating in a report published on Wednesday, BayStreet.CA reports. National Bank Financial currently has C$6.25 price target on the mining company’s stock, down from their previous price target of C$7.00.

Separately, CIBC raised their price objective on shares of Alacer Gold from C$7.15 to C$7.75 in a research note on Tuesday, January 28th.

Shares of TSE ASR traded down C$0.14 during mid-day trading on Wednesday, reaching C$4.88. 1,559,319 shares of the company traded hands, compared to its average volume of 1,333,771. Alacer Gold has a fifty-two week low of C$3.32 and a fifty-two week high of C$7.66. The company has a debt-to-equity ratio of 34.65, a current ratio of 2.48 and a quick ratio of 1.54. The firm has a market cap of $1.04 billion and a PE ratio of 12.51. The stock has a fifty day simple moving average of C$5.67 and a 200-day simple moving average of C$6.07.

Alacer Gold (TSE:ASR) last posted its quarterly earnings data on Tuesday, February 4th. The mining company reported C$0.15 EPS for the quarter. The company had revenue of C$206.59 million for the quarter. As a group, analysts predict that Alacer Gold will post 0.43 EPS for the current fiscal 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 Copler gold mine that is located in the Erzincan Province, east-central Turkey. The company is based in Denver, Colorado.

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