Raymond James Reaffirms “Outperform” Rating for Ascot Resources (TSE:AOT)

Ascot Resources (TSE:AOT)‘s stock had its “outperform” rating reissued by Raymond James in a report released on Friday, PriceTargets.com reports. They currently have a C$1.65 price objective on the stock. Raymond James’ price objective suggests a potential upside of 46.02% from the company’s previous close.

Other analysts have also recently issued reports about the company. BMO Capital Markets boosted their price target on Ascot Resources from C$1.50 to C$1.75 in a research report on Wednesday, November 17th. Desjardins reaffirmed a “buy” rating on shares of Ascot Resources in a research report on Thursday, November 25th.

TSE:AOT traded down C$0.01 during mid-day trading on Friday, hitting C$1.13. 303,306 shares of the company’s stock were exchanged, compared to its average volume of 253,301. The company has a market cap of C$424.51 million and a PE ratio of -50.91. The company has a debt-to-equity ratio of 16.46, a current ratio of 7.21 and a quick ratio of 7.15. Ascot Resources has a one year low of C$0.84 and a one year high of C$1.41. The business has a fifty day moving average price of C$1.22 and a 200 day moving average price of C$1.19.

Ascot Resources Company Profile

Ascot Resources Ltd., a mineral devlopment company, engages in the acquisition, exploration, and evaluation of mineral properties in the United States and Canada. It explores for gold, silver, copper, molybdenum, sand, gravel, and other base metal deposits. The company holds 100% interests in the Premier Gold Project comprising 3 mining leases that covers an area of 8,133 hectares; and the Red Mountain Project consist of 47 contiguous mineral claims covering an area of 17,125 hectares located near the town of Stewart, British Columbia.

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