Alacer Gold Corp (ASR) Shares Down 4%

Alacer Gold Corp (TSE:ASR) was down 4% during trading on Wednesday . The company traded as low as C$2.16 and last traded at C$2.17. Approximately 455,329 shares traded hands during trading, a decline of 7% from the average daily volume of 488,932 shares. The stock had previously closed at C$2.26.

A number of equities research analysts recently commented on ASR shares. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a C$3.15 target price on shares of Alacer Gold Corp in a report on Thursday, September 21st. National Bank Financial lifted their target price on Alacer Gold Corp from C$3.50 to C$3.75 and gave the stock a “sector perform” rating in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Alacer Gold Corp currently has an average rating of “Buy” and a consensus price target of C$3.40.

The company has a market capitalization of $647.73 million and a P/E ratio of 27.63. The stock’s 50-day moving average price is $2.18 and its 200 day moving average price is $2.20.

In related news, Director Thomas Robert Bates bought 50,000 shares of the stock in a transaction on Thursday, August 24th. The shares were bought at an average cost of C$2.10 per share, for a total transaction of C$105,000.00.

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Alacer Gold Corp Company Profile

Alacer Gold Corp. is an intermediate gold mining company. The Company is engaged in mining, development and exploration of mineral deposits in Turkey. The Company’s segments include Turkish Business Unit and Corporate and other. It is engaged in the acquisition, exploration and production of gold in Turkey.

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