The stock of Alacer Gold Corp (TSE:ASR) is a huge mover today! About 1.40M shares traded hands or 19.66% up from the average. Alacer Gold Corp (TSE:ASR) has declined 12.69% since April 8, 2016 and is downtrending. It has underperformed by 17.67% the S&P500.
The move comes after 8 months positive chart setup for the $694.58M company. It was reported on Nov, 14 by Barchart.com. We have $3.60 PT which if reached, will make TSE:ASR worth $312.56 million more.
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. Alacer Gold has been the topic of 12 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Tuesday, June 28 by Scotia Capital. On Thursday, December 10 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. As per Thursday, May 19, the company rating was maintained by RBC Capital Markets. As per Wednesday, October 7, the company rating was downgraded by BMO Capital Markets. The stock has “Outperform” rating given by Scotia Capital on Thursday, October 27. The firm earned “Outperform” rating on Friday, July 22 by Scotia Capital.
More notable recent Alacer Gold Corp (TSE:ASR) news were published by: Theglobeandmail.com which released: “The Globe and Mail” on August 14, 2009, also Fool.com.Au with their article: “Here’s why Alacer Gold Corp â€“ CDI rocketed up 10%” published on September 22, 2014, Seekingalpha.com published: “Alacer Gold – Disappointing Q3 Earnings” on October 26, 2016. More interesting news about Alacer Gold Corp (TSE:ASR) were released by: Seekingalpha.com and their article: “Alacer Gold: I Was Not Expecting This” published on September 16, 2016 as well as Seekingalpha.com‘s news article titled: “Gold Slump Overshadows Alacer Gold’s Cash Potential” with publication date: October 30, 2015.
Alacer Gold Corp. is an intermediate gold mining company. The company has a market cap of $694.58 million. The Firm operates in the segment of mining, development and exploration of mineral deposits in Turkey. It has a 22.07 P/E ratio. The Company’s principal products are gold, copper and silver.
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