In a new note to investors on December 12, an analyst has provided a rating update for Alacer Gold (ASR). Analyst Mark Mihaljevic from RBC Capital remains bullish on the stock and has a C$3.75 price target.
According to TipRanks.com, Mihaljevic has 0 stars on 0-5 star ranking scale with an average return of -14.1% and a 22.9% success rate. Mihaljevic covers the Basic Materials sector, focusing on stocks such as SilverCrest Metals Inc, Guyana Goldfields Inc, and Hecla Mining Company.
Alacer Gold has an analyst consensus of Moderate Buy, with a price target consensus of C$3.38.
The company has a one-year high of C$2.97 and a one-year low of C$1.97. Currently, Alacer Gold has an average volume of 531.5K.
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$2.20.
