Alacer Gold Corp (TSE:ASR) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.33 and traded as high as $7.10. Alacer Gold shares last traded at $7.02, with a volume of 358,636 shares trading hands.
A number of analysts recently issued reports on ASR shares. BMO Capital Markets boosted their price objective on Alacer Gold from C$5.50 to C$8.50 in a research note on Wednesday, September 11th. National Bank Financial downgraded Alacer Gold from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$8.00 to C$7.50 in a research note on Monday, November 18th. Raymond James reaffirmed an “outperform” rating and set a C$7.00 target price on shares of Alacer Gold in a report on Wednesday, October 30th. Bank of America upgraded Alacer Gold from an “underperform” rating to a “neutral” rating and upped their price target for the company from C$4.35 to C$6.00 in a research report on Friday, August 16th. Finally, Scotiabank upped their price target on Alacer Gold from C$6.00 to C$6.50 in a research report on Thursday, November 21st.
The company has a debt-to-equity ratio of 39.35, a quick ratio of 1.30 and a current ratio of 2.31. The firm has a market capitalization of $2.08 billion and a PE ratio of 26.44. The company’s 50 day simple moving average is C$6.39 and its 200-day simple moving average is C$5.33.
In other Alacer Gold news, Director Edward Camp Dowling sold 25,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of C$4.99, for a total value of C$124,825.00. Following the completion of the transaction, the director now directly owns 133,690 shares of the company’s stock, valued at approximately C$667,514.17.
Alacer Gold Company Profile (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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