National Bank Believes Alacer Gold (ASR) Still Has Room to Grow


Today, an analyst has provided a rating update for the Materials sector company, Alacer Gold (ASR). The company received a Buy rating from National Bank’s analyst Don DeMarco, with a C$5.50 price target.

According to TipRanks.com, DeMarco is a 5-star analyst with an average return of 13.7% and a 79.7% success rate. DeMarco covers the Basic Materials sector, focusing on stocks such as Trevali Mining Corporation, Kirkland Lake Gold Ltd, and First Majestic Silver.

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Currently, the analyst consensus on Alacer Gold is a Strong Buy with an average price target of C$4.98, representing a 10.7% upside. In a report issued on June 17, RBC Capital also reiterated a Buy rating on the stock with a C$5.50 price target.

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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 781K.

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$4.50, close to its 52-week high of C$4.66.

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