Alacer Gold Corp (TSE:ASR) shares hit a new 52-week high on Wednesday after CIBC raised their price target on the stock from C$5.25 to C$6.00. The stock traded as high as C$5.28 and last traded at C$5.26, with a volume of 100048 shares trading hands. The stock had previously closed at C$5.19.
A number of other analysts also recently commented on the company. National Bank Financial upped their price objective on Alacer Gold from C$5.50 to C$6.25 in a report on Tuesday, July 23rd. BMO Capital Markets upped their price objective on Alacer Gold from C$4.75 to C$5.50 in a report on Friday, July 19th. Raymond James restated an “outperform” rating and set a C$6.00 price objective on shares of Alacer Gold in a report on Friday, July 19th. Finally, Royal Bank of Canada upped their price objective on Alacer Gold from C$4.00 to C$5.50 and gave the stock an “outperform” rating in a report on Monday, June 17th.
The company has a market cap of $1.55 billion and a PE ratio of -185.33. The company has a debt-to-equity ratio of 45.66, a current ratio of 1.54 and a quick ratio of 0.73. The business’s fifty day simple moving average is C$4.61.
About Alacer Gold (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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