Could Alacer Gold Corp Rise Even More? The Stock Had Another Big Increase Today


The stock of Alacer Gold Corp (TSE:ASR) is a huge mover today! About 874,689 shares traded hands or 18.59% up from the average. Alacer Gold Corp (TSE:ASR) has risen 36.25% since February 5, 2016 and is uptrending. It has outperformed by 19.77% the S&P500.
The move comes after 8 months positive chart setup for the $1.11 billion company. It was reported on Sep, 13 by We have $4.66 PT which if reached, will make TSE:ASR worth $388.50 million more.

Out of 3 analysts covering Alacer Gold (TSE:ASR), 1 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 33% are positive. $4.50 is the highest target while $2.75 is the lowest. The $3.75 average target is 8.70% above today’s ($3.45) stock price. Alacer Gold has been the topic of 7 analyst reports since October 7, 2015 according to StockzIntelligence Inc.

Alacer Gold Corp. is an intermediate gold mining company. The company has a market cap of $1.11 billion. The Firm operates in the segment of mining, development and exploration of mineral deposits in Turkey. It has a 24.61 P/E ratio. The Company’s principal products are gold, copper and silver.

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