Ascot Resources (TSE:AOT) Upgraded at Desjardins

Desjardins upgraded shares of Ascot Resources (TSE:AOT) to a moderate buy rating in a research report sent to investors on Thursday, Zacks.com reports.

A number of other analysts have also recently issued reports on the stock. Raymond James upgraded shares of Ascot Resources from a market perform rating to an outperform rating and raised their target price for the stock from C$0.90 to C$1.00 in a research note on Tuesday, April 23rd. CIBC reduced their price objective on Ascot Resources from C$0.85 to C$0.60 in a report on Friday, July 5th. Finally, BMO Capital Markets reiterated an outperform rating and set a C$1.25 target price on shares of Ascot Resources in a research note on Thursday, July 4th.

Ascot Resources Price Performance

Shares of TSE AOT opened at C$0.48 on Thursday. The company has a quick ratio of 1.73, a current ratio of 0.64 and a debt-to-equity ratio of 7.77. The business’s 50 day moving average price is C$0.60 and its two-hundred day moving average price is C$0.64. The company has a market cap of C$299.59 million, a PE ratio of -24.00 and a beta of 1.66. Ascot Resources has a twelve month low of C$0.34 and a twelve month high of C$0.91.

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

Ascot Resources Company Profile

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.