National Bank Financial Raises Alacer Gold Corp (ASR) Price Target to C$3.75
Alacer Gold Corp (TSE:ASR) had its target price lifted by National Bank Financial from C$3.50 to C$3.75 in a research note released on Wednesday morning. They currently have a sector perform rating on the mining company’s stock. National Bank Financial also issued estimates for Alacer Gold Corp’s FY2017 earnings at $0.18 EPS, FY2018 earnings at $0.04 EPS and FY2019 earnings at $0.39 EPS.
Several other research firms have also commented on ASR. ValuEngine upgraded shares of Alacer Gold Corp from a sell rating to a hold rating in a research note on Thursday, May 11th. CIBC decreased their price objective on shares of Alacer Gold Corp from C$3.00 to C$2.75 in a research note on Wednesday, May 3rd. Finally, Scotiabank reiterated an outperform rating and issued a C$3.75 price objective on shares of Alacer Gold Corp in a research note on Wednesday, May 3rd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of C$3.45.
Alacer Gold Corp (ASR) opened at 2.14 on Wednesday. The firm’s 50-day moving average price is $2.11 and its 200-day moving average price is $2.38. Alacer Gold Corp has a 12 month low of $1.75 and a 12 month high of $3.79. The firm has a market cap of $627.21 million and a P/E ratio of 26.75.
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About Alacer Gold Corp
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