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.
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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