Alacer Gold (ASR) Gets a Hold Rating from BMO Capital

By Jason Carr

A Wall Street analyst has provided a rating update for the Materials sector company yesterday, while remaining neutral on the stock. Analyst Brian Quast from BMO Capital remains neutral on Alacer Gold (ASRResearch Report) and has a C$5.50 price target.

According to TipRanks.com, Quast is a 5-star analyst with an average return of 17.2% and a 57.8% success rate. Quast covers the Basic Materials sector, focusing on stocks such as Detour Gold Corporation, TMAC Resources Inc, and Alamos Gold Inc.

Currently, the analyst consensus on Alacer Gold is a Strong Buy with an average price target of C$5.23.

Alacer Gold’s market cap is currently C$1.49B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.49.

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 Thursday at C$5.07, close to its 52-week high of C$5.10.