Alacer Gold Corp (TSE:ASR) – Research analysts at National Bank Financial raised their FY2019 earnings estimates for shares of Alacer Gold in a research report issued on Monday, May 20th. National Bank Financial analyst D. Demarco now anticipates that the mining company will post earnings of $0.50 per share for the year, up from their previous forecast of $0.44. National Bank Financial has a “Outperform” rating and a $5.25 price objective on the stock.

Several other research firms have also recently commented on ASR. Raymond James increased their price target on shares of Alacer Gold from C$4.25 to C$5.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. BMO Capital Markets increased their price target on shares of Alacer Gold from C$3.50 to C$3.75 in a research note on Wednesday, May 1st. CIBC increased their price target on shares of Alacer Gold from C$4.00 to C$4.50 in a research note on Monday, April 8th. Finally, Royal Bank of Canada increased their price target on shares of Alacer Gold from C$3.75 to C$4.00 and gave the company an “outperform” rating in a research note on Monday, January 28th.

ASR opened at C$3.89 on Thursday. Alacer Gold has a one year low of C$1.97 and a one year high of C$4.13. The company has a current ratio of 1.54, a quick ratio of 0.73 and a debt-to-equity ratio of 45.66. The company has a market cap of $1.14 billion and a PE ratio of -129.67.

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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Earnings History and Estimates for Alacer Gold (TSE:ASR)

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