In a latest note to investors, a research analyst has provided a rating update for the Alacer Gold (TSX: ASR). Raymond James’ analyst Tara Hassan reiterates their Buy rating on the shares, with a C$3.15 price target.
According to TipRanks.com, Hassan is ranked #4416 out of 4887 analysts.
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Currently, the analyst consensus on Alacer Gold is a Moderate Buy with an average price target of C$2.83.
Based on Alacer Gold’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$35.48 million. In comparison, last year the company had a net profit of C$36.49 million.
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 Wednesday at C$2.15.
