A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Brian Quast from BMO Capital rated Alacer Gold (ASR) a Hold, setting a C$4.50 price target.
According to TipRanks.com, Quast is a 4-star analyst with an average return of 7.9% 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 Alio Gold Inc.
Read also: Texas Mineral Resources (TMRC): This Rare Earth Metal Play Could See Substantial Upside
Currently, the analyst consensus on Alacer Gold is a Strong Buy with an average price target of C$4.46.
Alacer Gold’s market cap is currently C$1.21B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.21.
The company’s shares closed on Friday at C$4.06, close to its 52-week high of C$4.28.
