Alacer Gold (TSE:ASR) PT Raised to C$5.25 at CIBC
Alacer Gold (TSE:ASR) had its price target boosted by CIBC from C$4.50 to C$5.25 in a research report sent to investors on Monday, BayStreet.CA reports.
Several other equities analysts have also recently issued reports on the company. National Bank Financial cut Detour Gold to a hold rating in a research report on Friday, June 28th. Raymond James set a $60.00 price target on Banner and gave the stock a buy rating in a report on Friday, May 3rd. BMO Capital Markets restated a hold rating and issued a $9.50 price target on shares of Vicon Industries in a report on Friday, June 14th. Finally, Royal Bank of Canada restated an outperform rating and issued a GBX 150 ($1.96) price target on shares of in a report on Monday, June 17th.
TSE ASR opened at C$5.07 on Monday. The company has a debt-to-equity ratio of 45.66, a current ratio of 1.54 and a quick ratio of 0.73. The stock’s 50 day simple moving average is C$4.30. Alacer Gold has a 12-month low of C$1.97 and a 12-month high of C$5.10. The firm has a market cap of $1.41 billion and a PE ratio of -169.00.
Alacer Gold Company Profile
Alacer Gold Corp. engages in the mining, development, and exploration of mineral deposits in Turkey. It primarily holds an 80% interest in the ÃÃ¶pler gold mine that is located in the Erzincan Province, east-central Turkey. The company is based in Denver, Colorado.
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