Alacer Gold (ASR) Receives a Hold from BMO Capital

By Jason Carr

Alacer Gold (ASRResearch Report) has received a rating update from a Wall Street analyst today. Analyst Brian Quast from BMO Capital rated Alacer Gold (ASRResearch Report) a Hold, setting a C$4.75 price target.

According to TipRanks.com, Quast is a 4-star analyst with an average return of 9.0% and a 48.4% success rate. Quast covers the Basic Materials sector, focusing on stocks such as Kirkland Lake Gold Ltd, TMAC Resources Inc, and Alamos Gold Inc.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alacer Gold with a C$4.87 average price target.

Alacer Gold’s market cap is currently C$1.32B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.32.

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$4.38, close to its 52-week high of C$4.66.