Alacer Gold Corp (ASR) Forecasted to Post FY2018 Earnings of $0.09 Per Share

Alacer Gold Corp (TSE:ASR) – Investment analysts at National Bank Financial cut their FY2018 earnings estimates for Alacer Gold in a research report issued on Tuesday, November 13th. National Bank Financial analyst D. Demarco now expects that the mining company will earn $0.09 per share for the year, down from their prior forecast of $0.12. National Bank Financial currently has a “Sector Perform” rating and a $4.00 target price on the stock. National Bank Financial also issued estimates for Alacer Gold’s FY2019 earnings at $0.44 EPS and FY2020 earnings at $0.45 EPS.

Other analysts also recently issued reports about the company. BMO Capital Markets increased their price target on Alacer Gold from C$2.50 to C$3.25 in a report on Thursday, August 2nd. Royal Bank of Canada reiterated an “outperform” rating on shares of Alacer Gold in a report on Tuesday, November 6th. Finally, Raymond James reiterated an “outperform” rating and set a C$3.15 price target on shares of Alacer Gold in a report on Wednesday, October 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Alacer Gold presently has an average rating of “Buy” and a consensus target price of C$3.43.

Shares of Alacer Gold stock opened at C$2.19 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.93 and a debt-to-equity ratio of 38.39. Alacer Gold has a 1-year low of C$1.97 and a 1-year high of C$2.97.

About Alacer Gold

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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