Alacer Gold (ASR) Price Target Cut to C$3.25 by Analysts at Scotiabank

Alacer Gold (TSE:ASR) had its price objective lowered by Scotiabank from C$3.75 to C$3.25 in a research note released on Wednesday morning. The brokerage currently has a sector perform rating on the mining company’s stock.

Separately, BMO Capital Markets decreased their price objective on Alacer Gold from C$3.00 to C$2.50 in a research note on Wednesday, November 1st. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Alacer Gold presently has a consensus rating of Hold and a consensus target price of C$3.08.

Alacer Gold (ASR) opened at C$2.10 on Wednesday. Alacer Gold has a 12-month low of C$1.95 and a 12-month high of C$3.11. The stock has a market capitalization of $630.15, a price-to-earnings ratio of 9.55 and a beta of -1.06.

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About Alacer Gold

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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