Alacer Gold Corp (ASR) to Post FY2020 Earnings of $0.38 Per Share, National Bank Financial Forecasts

Alacer Gold Corp (TSE:ASR) – Stock analysts at National Bank Financial lowered their FY2020 earnings per share estimates for shares of Alacer Gold in a report released on Tuesday. National Bank Financial analyst D. Demarco now anticipates that the mining company will earn $0.38 per share for the year, down from their previous forecast of $0.46.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets decreased their target price on Alacer Gold from C$3.00 to C$2.50 in a research report on Wednesday, November 1st. Scotiabank decreased their target price on Alacer Gold from C$3.75 to C$3.25 and set a “sector perform” rating on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Alacer Gold currently has an average rating of “Hold” and a consensus price target of C$3.08.

Alacer Gold (TSE ASR) traded up C$0.04 during trading on Thursday, hitting C$2.14. The stock had a trading volume of 561,989 shares, compared to its average volume of 412,514. Alacer Gold has a 52 week low of C$1.95 and a 52 week high of C$3.11. The firm has a market capitalization of $630.15, a P/E ratio of 9.55 and a beta of -1.06.

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About Alacer Gold

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.

Earnings History and Estimates for Alacer Gold (TSE:ASR)

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