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 (TSE:ASR) last released its earnings results on Tuesday, April 30th. The mining company reported C$0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.07 by C$0.01. The business had revenue of C$97.75 million for the quarter. As a group, research analysts predict that Alacer Gold will post 0.36 earnings per share for the current year.

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 Çöpler gold mine that is located in the Erzincan Province, east-central Turkey. The company is based in Denver, Colorado.

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