Alacer Gold Corp (ASR) Set to Announce Earnings on Tuesday

Alacer Gold Corp (TSE:ASR) is scheduled to post its quarterly earnings results before the market opens on Tuesday, October 31st. Analysts expect Alacer Gold Corp to post earnings of C$0.06 per share for the quarter.

Alacer Gold Corp (TSE:ASR) opened at 2.15 on Monday. Alacer Gold Corp has a 12-month low of $1.75 and a 12-month high of $3.11. The firm has a market cap of $630.15 million and a PE ratio of 26.88. The firm’s 50-day moving average is $2.19 and its 200 day moving average is $2.16.

A number of research firms have recently issued reports on ASR. Raymond James Financial, Inc. reiterated an “outperform” rating and set a C$3.15 price objective on shares of Alacer Gold Corp in a research note on Thursday, September 21st. National Bank Financial reiterated a “sector perform market weight” rating on shares of Alacer Gold Corp in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$3.40.

In related news, Director Thomas Robert Bates purchased 50,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was acquired at an average price of C$2.10 per share, with a total value of C$105,000.00.

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Alacer Gold Corp Company Profile

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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