After Today’s Huge Decline, Is Alacer Gold Corp’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is Alacer Gold Corp's Near Term Analysis Negative?

The stock of Alacer Gold Corp (TSE:ASR) is a huge mover today! About 280,554 shares traded hands. Alacer Gold Corp (TSE:ASR) has declined 17.55% since April 26, 2016 and is downtrending. It has underperformed by 22.78% the S&P500.
The move comes after 9 months negative chart setup for the $706.99 million company. It was reported on Nov, 30 by Barchart.com. We have $2.25 PT which if reached, will make TSE:ASR worth $56.56 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 48.98% above today’s ($2.45) stock price. Alacer Gold has been the topic of 12 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Alacer Gold Corp (TSE:ASR) has “Sector Perform” rating given on Thursday, December 10 by RBC Capital Markets. Scotia Capital maintained the shares of ASR in a report on Friday, July 22 with “Outperform” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $3.25 target price in Thursday, May 19 report. On Thursday, October 27 the stock rating was maintained by Scotia Capital with “Outperform”. The rating was downgraded by BMO Capital Markets on Wednesday, October 7 to “Underperform”. As per Tuesday, June 28, the company rating was maintained by Scotia Capital.

More recent Alacer Gold Corp (TSE:ASR) news were published by: Seekingalpha.com which released: “Alacer Gold: I Was Not Expecting This” on September 16, 2016. Also Fool.com.Au published the news titled: “Here’s why Alacer Gold Corp – CDI rocketed up 10%” on September 22, 2014. Seekingalpha.com‘s news article titled: “Alacer Gold – Disappointing Q3 Earnings” with publication date: October 26, 2016 was also an interesting one.

Alacer Gold Corp. is an intermediate gold mining company. The company has a market cap of $706.99 million. The Firm operates in the segment of mining, development and exploration of mineral deposits in Turkey. It has a 21.98 P/E ratio. The Company’s principal products are gold, copper and silver.

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