Alacer Gold Corp (ASR) Shares Down 3.5%

Alacer Gold Corp (TSE:ASR) fell 3.5% on Thursday . The stock traded as low as C$2.17 and last traded at C$2.18. 308,266 shares traded hands during trading, a decline of 34% from the average session volume of 469,616 shares. The stock had previously closed at C$2.26.

Several research firms recently weighed in on ASR. National Bank Financial reaffirmed a “sector perform market weight” rating on shares of Alacer Gold Corp in a research report on Tuesday, August 1st. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a C$3.15 price objective on shares of Alacer Gold Corp in a research report on Thursday, September 21st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Alacer Gold Corp has an average rating of “Buy” and an average target price of C$3.40.

The company has a market capitalization of $630.15 million and a PE ratio of 26.88. The company has a 50-day moving average price of $2.20 and a 200-day moving average price of $2.17.

In related news, Director Thomas Robert Bates acquired 50,000 shares of the stock in a transaction on Thursday, August 24th. The stock was purchased at an average price of C$2.10 per share, for a total transaction of C$105,000.00.

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About Alacer Gold Corp

Alacer Gold Corp. is an intermediate gold mining company. The Company is engaged in mining, development and exploration of mineral deposits in Turkey. The Company’s segments include Turkish Business Unit and Corporate and other. It is engaged in the acquisition, exploration and production of gold in Turkey.

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