Alacer Gold (ASR) seems to be keeping analysts happy lately, as another research firm gave the stock a Buy rating today. The company received a Buy rating from Raymond James’ analyst Tara Hassan, with a C$5 price target.
According to TipRanks.com, Hassan is a 3-star analyst with an average return of 6.2% and a 56.1% success rate. Hassan covers the Basic Materials sector, focusing on stocks such as MAG Silver Corp, Alamos Gold Inc, and Alio Gold Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alacer Gold with a C$4.46 average price target, a 20.9% upside from current levels. In a report issued on April 23, GMP FirstEnergy also reiterated a Buy rating on the stock with a C$4.60 price target.
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The company has a one-year high of C$4.13 and a one-year low of C$1.97. Currently, Alacer Gold has an average volume of 1.18M.
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$3.69.
