FY2020 EPS Estimates for Alacer Gold Corp Lowered by Analyst (ASR)
Alacer Gold Corp (TSE:ASR) – Equities researchers at National Bank Financial decreased their FY2020 earnings per share estimates for Alacer Gold in a note issued to investors on Tuesday. National Bank Financial analyst D. Demarco now expects that the mining company will post earnings per share of $0.38 for the year, down from their prior forecast of $0.46.
Several other brokerages have also weighed in on ASR. CIBC raised Alacer Gold from a “neutral” rating to an “outperform” rating and increased their price objective for the company from C$2.75 to C$3.50 in a report on Friday. Scotiabank reduced their price objective on Alacer Gold from C$3.75 to C$3.25 and set a “sector perform” rating for the company in a report on Wednesday. Finally, BMO Capital Markets reduced their price objective on Alacer Gold from C$3.00 to C$2.50 in a report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Alacer Gold has an average rating of “Buy” and an average target price of C$3.23.
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About Alacer Gold
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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