Could Alacer Gold Corp Gain Strenght? The Stock Reaches 52-Week Low

 Could Alacer Gold Corp Gain Strenght? The Stock Reaches 52 Week Low

The stock of Alacer Gold Corp (TSE:ASR) is a huge mover today! About 762,829 shares traded hands. Alacer Gold Corp (TSE:ASR) has declined 10.53% since April 13, 2016 and is downtrending. It has underperformed by 15.15% the S&P500.
The move comes after 9 months negative chart setup for the $663.60M company. It was reported on Nov, 17 by Barchart.com. We have $2.20 PT which if reached, will make TSE:ASR worth $33.18 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 57.33% above today’s ($2.32) stock price. Alacer Gold has been the topic of 12 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Scotia Capital maintained the stock with “Outperform” rating in Thursday, October 27 report. The company was maintained on Thursday, May 19 by RBC Capital Markets. The company was maintained on Friday, July 22 by Scotia Capital. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, December 10. BMO Capital Markets downgraded Alacer Gold Corp (TSE:ASR) on Wednesday, October 7 to “Underperform” rating. On Tuesday, June 28 the stock rating was maintained by Scotia Capital with “Outperform”.

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 Fool.com.Au published article titled: “Here’s why Alacer Gold Corp – CDI rocketed up 10%”, Seekingalpha.com published: “Alacer Gold: I Was Not Expecting This” on September 16, 2016. 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 $663.60 million. The Firm operates in the segment of mining, development and exploration of mineral deposits in Turkey. It has a 20.8 P/E ratio. The Company’s principal products are gold, copper and silver.

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