Alacer Gold (TSE:ASR) Price Target Raised to C$6.25

Alacer Gold (TSE:ASR) had its price objective boosted by National Bank Financial from C$5.50 to C$6.25 in a research note released on Tuesday, BayStreet.CA reports. National Bank Financial also issued estimates for Alacer Gold’s Q2 2019 earnings at $0.05 EPS, FY2019 earnings at $0.55 EPS and FY2020 earnings at $0.79 EPS.

ASR has been the subject of several other reports. Royal Bank of Canada reissued an outperform rating and issued a GBX 150 ($1.96) price objective on shares of in a research note on Monday, June 17th. BMO Capital Markets set a $140.00 price objective on SAP and gave the stock a hold rating in a research note on Friday, July 19th. CIBC reissued a hold rating on shares of Sandstorm Gold in a research note on Monday, July 15th. Finally, Raymond James reissued a buy rating on shares of West Fraser Timber in a research note on Friday, July 19th.

Shares of Alacer Gold stock opened at C$4.96 on Tuesday. The business has a 50-day simple moving average of C$4.44. The stock has a market cap of $1.48 billion and a P/E ratio of -165.33. The company has a debt-to-equity ratio of 45.66, a quick ratio of 0.73 and a current ratio of 1.54. Alacer Gold has a 1 year low of C$1.97 and a 1 year high of C$5.16.

Alacer Gold (TSE:ASR) last announced its quarterly earnings data on Tuesday, April 30th. The mining company reported C$0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.07 by C$0.01. The business had revenue of C$97.75 million during the quarter. Research analysts forecast that Alacer Gold will post 0.37 earnings per share for the current year.

About Alacer Gold

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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