Alacer Gold (ASR), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Cosmos Chiu from CIBC remains bullish on the stock and has a C$5.25 price target.
According to TipRanks.com, Chiu is a 5-star analyst with an average return of 13.2% and a 54.7% success rate. Chiu covers the Basic Materials sector, focusing on stocks such as Osisko Gold Royalties Ltd, Kirkland Lake Gold Ltd, and Hecla Mining Company.
Alacer Gold has an analyst consensus of Strong Buy, with a price target consensus of C$5.10.
The company has a one-year high of C$4.66 and a one-year low of C$1.97. Currently, Alacer Gold has an average volume of 800.2K.
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 Monday at C$4.39, close to its 52-week high of C$4.66.
