Raymond James Sticks to Their Buy Rating for Alacer Gold (ASR)


Alacer Gold (ASR), the Materials sector company, was revisited by a Wall Street analyst today. Analyst Tara Hassan from Raymond James rated Alacer Gold (ASR) a Buy, setting a C$6 price target.

According to TipRanks.com, Hassan is a 5-star analyst with an average return of 23.5% and a 69.6% success rate. Hassan covers the Basic Materials sector, focusing on stocks such as Alamos Gold Inc, B2Gold Corp, and SEMAFO Inc.

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Currently, the analyst consensus on Alacer Gold is a Strong Buy with an average price target of C$5.70, which is a 6.9% upside from current levels. In a report released today, CIBC also maintained a Buy rating on the stock with a C$6 price target.

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The company has a one-year high of C$5.25 and a one-year low of C$1.97. Currently, Alacer Gold has an average volume of 903.8K.

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$5.33.

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