Alacer Gold Corp (TSE:ASR)’s share price dropped 5.3% during mid-day trading on Monday . The company traded as low as C$2.12 and last traded at C$2.13. Approximately 285,150 shares changed hands during trading, a decline of 77% from the average daily volume of 1,248,410 shares. The stock had previously closed at C$2.25.
Separately, National Bank Financial increased their price target on Alacer Gold Corp from C$3.50 to C$3.75 and gave the stock a “sector perform” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. Alacer Gold Corp currently has a consensus rating of “Buy” and a consensus price target of C$3.45.
The stock has a market cap of $615.49 million and a price-to-earnings ratio of 26.25. The stock has a 50-day moving average price of $2.15 and a 200-day moving average price of $2.27.
In other news, Director Thomas Robert Bates acquired 50,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was acquired at an average cost of C$2.10 per share, with a total value of C$105,000.00.
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About Alacer Gold Corp
Alacer Gold Corp. is an intermediate gold mining company. The Company is engaged in mining, development and exploration of mineral deposits in Turkey. The Company’s segments include Turkish Business Unit and Corporate and other. It is engaged in the acquisition, exploration and production of gold in Turkey.
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