Q3 2016 EPS Estimates for Alacer Gold Corp Lowered by Analyst (ASR)

Alacer Gold Corp (TSE:ASR) – Research analysts at National Bank Financial dropped their Q3 2016 EPS estimates for Alacer Gold Corp in a research report issued on Wednesday. National Bank Financial analyst S. Parsons now forecasts that the brokerage will post earnings per share of $0.00 for the quarter, down from their prior forecast of $0.04. National Bank Financial also issued estimates for Alacer Gold Corp’s FY2016 earnings at $0.04 EPS.

Earnings History and Estimates for Alacer Gold Corp (TSE:ASR)

Several other analysts also recently issued reports on ASR. Scotiabank reaffirmed an “outperform” rating and set a C$3.75 price objective on shares of Alacer Gold Corp in a report on Tuesday, June 28th. Raymond James Financial Inc. upped their price objective on shares of Alacer Gold Corp from C$4.25 to C$4.50 in a report on Monday, June 27th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$3.92.

Shares of Alacer Gold Corp (TSE:ASR) opened at 2.88 on Friday. The company has a market cap of $840.78 million and a P/E ratio of 26.42. The company’s 50 day moving average is $3.27 and its 200-day moving average is $3.13. Alacer Gold Corp has a 12 month low of $2.08 and a 12 month high of $3.79.

Alacer Gold Corp Company Profile

Alacer Gold Corp. (Alacer) is an intermediate gold mining company. The Company operates in the segment of mining, development and exploration of mineral deposits in Turkey. The Company’s principal products are gold, copper and silver. The Company has an interest in the Copler Gold Mine in Turkey. Its Copler Sulfide Expansion Project is a gold exploration project located in east-central Turkey.

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