Alacer Gold Corp (ASR) Trading 4.1% Higher
Alacer Gold Corp (TSE:ASR)’s share price traded up 4.1% on Friday . The company traded as high as C$2.29 and last traded at C$2.29. 633,959 shares traded hands during trading, an increase of 28% from the average session volume of 494,736 shares. The stock had previously closed at C$2.20.
A number of equities analysts have weighed in on the stock. National Bank Financial reiterated a “sector perform market weight” rating on shares of Alacer Gold Corp in a research report on Tuesday, August 1st. Raymond James Financial, Inc. restated an “outperform” rating and issued a C$3.15 price objective on shares of Alacer Gold Corp in a research report on Thursday, September 21st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$3.40.
The company’s 50-day moving average price is $2.16 and its 200-day moving average price is $2.22. The stock has a market capitalization of $671.18 million and a P/E ratio of 28.62.
In other news, Director Thomas Robert Bates bought 50,000 shares of Alacer Gold Corp stock in a transaction that occurred on Thursday, August 24th. The stock was bought at an average cost of C$2.10 per share, with a total value 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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