Shares of Alacer Gold Corp (TSE:ASR) have been assigned a consensus rating of “Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$3.29.

A number of brokerages have recently commented on ASR. National Bank Financial reiterated a “sector perform market weight” rating on shares of Alacer Gold Corp in a report on Tuesday, August 1st. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a C$3.15 target price on shares of Alacer Gold Corp in a report on Thursday.

Alacer Gold Corp (ASR) traded up 0.48% during mid-day trading on Thursday, hitting $2.09. The stock had a trading volume of 204,629 shares. Alacer Gold Corp has a 12 month low of $1.75 and a 12 month high of $3.79. The stock has a market cap of $612.56 million and a price-to-earnings ratio of 26.12. The stock’s 50-day moving average price is $2.17 and its 200-day moving average price is $2.25.

In other Alacer Gold Corp news, Director Thomas Robert Bates acquired 50,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was bought at an average price of C$2.10 per share, for a total transaction of C$105,000.00.

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Alacer Gold Corp Company Profile

Alacer Gold Corp. is an intermediate gold mining company. The Company is engaged in mining, development and exploration of mineral deposits in Turkey. The Company’s segments include Turkish Business Unit and Corporate and other. It is engaged in the acquisition, exploration and production of gold in Turkey.

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