FY2024 EPS Estimates for Ascot Resources Ltd. (TSE:AOT) Increased by Analyst

Ascot Resources Ltd. (TSE:AOT) – Research analysts at Raymond James increased their FY2024 earnings per share estimates for shares of Ascot Resources in a research report issued to clients and investors on Monday, April 22nd. Raymond James analyst C. Stanley now expects that the company will post earnings of ($0.01) per share for the year, up from their previous forecast of ($0.02). Raymond James has a “Outperform” rating and a $1.00 price target on the stock. The consensus estimate for Ascot Resources’ current full-year earnings is $0.01 per share. Raymond James also issued estimates for Ascot Resources’ Q4 2024 earnings at ($0.01) EPS.

Ascot Resources Price Performance

Shares of AOT stock opened at C$0.75 on Thursday. The stock’s fifty day simple moving average is C$0.71 and its 200 day simple moving average is C$0.55. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.95 and a quick ratio of 1.73. The firm has a market cap of C$467.79 million, a price-to-earnings ratio of -18.75 and a beta of 1.54. Ascot Resources has a one year low of C$0.34 and a one year high of C$0.91.

About Ascot Resources

Ascot Resources Ltd. operates as a mineral development and exploration company in the United States and Canada. It explores for gold, silver, copper, porphyry copper, molybdenum, and gravel deposits. The Company's principal property includes two landholdings, including its 100% interests in the Premier Gold Project covering an area of 8,133 hectares; and Red Mountain Project that covers an area of 17,125 hectares located in British Columbia.