Alacer Gold (TSE:ASR) Stock Price Up 11.6%
Alacer Gold Corp (TSE:ASR)’s share price rose 11.6% during trading on Thursday . The company traded as high as C$4.17 and last traded at C$4.15. Approximately 266,096 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 918,842 shares. The stock had previously closed at C$3.72.
Several equities research analysts have issued reports on ASR shares. BMO Capital Markets lifted their target price on shares of Alacer Gold from C$3.50 to C$3.75 in a research report on Wednesday, May 1st. CIBC lifted their target price on shares of Alacer Gold from C$4.00 to C$4.50 in a research report on Monday, April 8th. National Bank Financial lifted their price target on shares of Alacer Gold from C$5.00 to C$5.25 and gave the stock an “outperform” rating in a research note on Tuesday, May 21st. Finally, Raymond James lifted their price target on shares of Alacer Gold from C$4.25 to C$5.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd.
The company has a debt-to-equity ratio of 45.66, a quick ratio of 0.73 and a current ratio of 1.54. The company has a market capitalization of $1.21 billion and a P/E ratio of -134.00.
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Alacer Gold Company Profile (TSE:ASR)
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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