Ascot Resources (TSE:AOT) PT Lowered to C$0.60 at CIBC

Ascot Resources (TSE:AOT) had its target price dropped by stock analysts at CIBC from C$0.85 to C$0.60 in a research note issued on Friday, BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 22.45% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. BMO Capital Markets reissued an “outperform” rating and issued a C$1.25 target price on shares of Ascot Resources in a research note on Thursday. Desjardins raised Ascot Resources to a “moderate buy” rating in a research report on Friday, May 10th. Finally, Raymond James upgraded Ascot Resources from a “market perform” rating to an “outperform” rating and upped their target price for the stock from C$0.90 to C$1.00 in a report on Tuesday, April 23rd.

Ascot Resources Trading Up 4.3 %

Shares of Ascot Resources stock traded up C$0.02 during trading on Friday, reaching C$0.49. 307,041 shares of the company were exchanged, compared to its average volume of 584,421. The company has a quick ratio of 1.73, a current ratio of 0.64 and a debt-to-equity ratio of 7.77. Ascot Resources has a twelve month low of C$0.34 and a twelve month high of C$0.91. The business has a 50-day moving average price of C$0.68 and a 200-day moving average price of C$0.64. The firm has a market capitalization of C$305.83 million, a price-to-earnings ratio of -24.50 and a beta of 1.66.

Ascot Resources (TSE:AOT) last posted its earnings results on Monday, May 13th. The company reported C($0.01) earnings per share (EPS) for the quarter. Sell-side analysts anticipate that Ascot Resources will post 0.005022 EPS for the current fiscal year.

About Ascot Resources

Ascot Resources Ltd. engages in the exploration, evaluation, and development of mineral properties in the United States and Canada. It explores for gold, silver, copper, porphyry copper, molybdenum, and sand and gravel deposits. The Company's principal property includes two landholdings, including its 100% interests in the Premier Gold Project covering an area of approximately 8,133 hectares; and Red Mountain Project that covers an area of approximately 17,125 hectares located in British Columbia.