In a latest note to investors, a research analyst has provided a rating update for the Alacer Gold (ASR – Research Report). BMO Capital’s analyst Brian Quast reiterates their Hold rating on the shares, with a C$3 price target.
According to TipRanks.com, Quast is a 3-star analyst with an average return of 3.8% and a 35.4% success rate. Quast covers the Basic Materials sector, focusing on stocks such as OceanaGold Corporation, Kirkland Lake Gold Ltd, and TMAC Resources.
Alacer Gold has an analyst consensus of Strong Buy, with a price target consensus of C$3.60.
Based on Alacer Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$35.48 million. In comparison, last year the company had a net profit of C$26.64 million.
Alacer Gold Corp. is a gold mining company, which engages in the exploration and development of mineral properties in Turkey. Its explorations include Copler District and Turkey Regional. The company was founded on September 20, 1993 and is headquartered in Denver, CO.
The company’s shares closed on Friday at C$2.60.