Ascot Resources (TSE:AOT) Upgraded at Raymond James

Raymond James upgraded shares of Ascot Resources (TSE:AOT) from a market perform rating to an outperform rating in a research report released on Tuesday, BayStreet.CA reports. The firm currently has C$1.00 price objective on the stock, up from their prior price objective of C$0.90. Raymond James also issued estimates for Ascot Resources’ Q4 2024 earnings at ($0.01) EPS, FY2024 earnings at ($0.01) EPS and FY2025 earnings at $0.04 EPS.

Ascot Resources Trading Down 5.3 %

Shares of TSE AOT opened at C$0.71 on Tuesday. The company’s 50 day simple moving average is C$0.71 and its 200 day simple moving average is C$0.55. Ascot Resources has a fifty-two week low of C$0.34 and a fifty-two week high of C$0.91. The firm has a market capitalization of C$442.84 million, a P/E ratio of -17.75 and a beta of 1.54. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.95 and a quick ratio of 1.73.

Ascot Resources Company Profile

Ascot Resources Ltd. operates as a mineral development and exploration company in the United States and Canada. It explores for gold, silver, copper, porphyry copper, molybdenum, and gravel deposits. The Company's principal property includes two landholdings, including its 100% interests in the Premier Gold Project covering an area of 8,133 hectares; and Red Mountain Project that covers an area of 17,125 hectares located in British Columbia.