Investor Outlook: Alacer Gold (TSE:ASR) “Sector Perform” Rating Has Been Reiterated by RBC Capital Markets Today


Alacer Gold (TSE:ASR) Rating Reaffirmed

RBC Capital Markets has decided to reaffirm their “Sector Perform” rating on Alacer Gold (TSE:ASR) shards via a very recent research note revealed to clients and investors on Thursday morning.

From a total of 11 analysts covering Alacer Gold (TSE:ASR) stock, 4 rate it a ”Buy”, 2 a “Sell”, and 4 a ”Hold”. This means that 40% of the ratings are positive. The highest target price is $3.3 while the lowest target price is $1.81. The mean of all analyst targets is $2.6 with a 20.31% above today’s ($2.56) stock price. Alacer Gold was the topic of 4 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. BMO Capital Markets downgraded shares on October 7 to “Underperform” rating.

Approximately 43,300 shares of stock traded hands. Alacer Gold Corp (TSE:ASR) has declined 9.31% since May 7, 2015 and is downtrending. It has underperformed by 7.38% the S&P500.

Investor Outlook: Alacer Gold (TSE:ASR)

Alacer Gold Corp. is an intermediate gold mining company. The company has a market cap of $745.49 million. The Firm is engaged in mining, development and exploration of mineral deposits in Turkey. It has 8.29 P/E ratio. The Firm focuses on drilling activities of satellite oxide gold deposits under Copler District exploration program.

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