What’s Next for Alacer Gold Corp After Today’s Huge Decline?

 What's Next for Alacer Gold Corp After Today's Huge Decline?

The stock of Alacer Gold Corp (TSE:ASR) is a huge mover today! About 360,512 shares traded hands. Alacer Gold Corp (TSE:ASR) has risen 15.73% since April 1, 2016 and is uptrending. It has outperformed by 13.77% the S&P500.
The move comes after 7 months negative chart setup for the $820.45 million company. It was reported on Nov, 7 by Barchart.com. We have $2.50 PT which if reached, will make TSE:ASR worth $73.84 million less.

Alacer Gold Corp (TSE:ASR) Ratings Coverage

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 $3.65 average target is 32.73% above today’s ($2.75) stock price. Alacer Gold has been the topic of 12 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Tuesday, June 28 by Scotia Capital. Scotia Capital maintained Alacer Gold Corp (TSE:ASR) rating on Thursday, October 27. Scotia Capital has “Outperform” rating and $4.50 price target. The rating was maintained by RBC Capital Markets on Thursday, December 10 with “Sector Perform”. The firm earned “Sector Perform” rating on Thursday, May 19 by RBC Capital Markets. The firm has “Underperform” rating given on Wednesday, October 7 by BMO Capital Markets. The firm has “Outperform” rating by Scotia Capital given on Friday, July 22.

More important recent Alacer Gold Corp (TSE:ASR) news were published by: Theglobeandmail.com which released: “The Globe and Mail” on August 14, 2009, also Seekingalpha.com published article titled: “Alacer Gold: I Was Not Expecting This”, Fool.com.Au published: “Here’s why Alacer Gold Corp – CDI rocketed up 10%” on September 22, 2014. More interesting news about Alacer Gold Corp (TSE:ASR) was released by: Seekingalpha.com and their article: “Alacer Gold – Disappointing Q3 Earnings” with publication date: October 26, 2016.

Alacer Gold Corp. is an intermediate gold mining company. The company has a market cap of $820.45 million. The Firm operates in the segment of mining, development and exploration of mineral deposits in Turkey. It has a 24.75 P/E ratio. The Company’s principal products are gold, copper and silver.

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