BMO Capital Keeps a Hold Rating on Alacer Gold (ASR)

By Carrie Williams

Alacer Gold (ASRResearch Report), the Materials sector company was revisited yesterday, yet the Wall Street analyst remains currently on the sidelines. BMO Capital’s analyst Brian Quast reiterates their Hold rating on the shares, with a C$3.50 price target.

According to TipRanks.com, Quast is a 3-star analyst with an average return of 5.0% and a 43.0% success rate. Quast covers the Basic Materials sector, focusing on stocks such as OceanaGold Corporation, Kirkland Lake Gold Ltd, and Argonaut Gold Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alacer Gold with a C$4.10 average price target.

The company has a one-year high of C$3.25 and a one-year low of C$1.97. Currently, Alacer Gold has an average volume of 513.4K.

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 Tuesday at C$3.23, close to its 52-week high of C$3.25.