Ascot Resources (TSE:AOT) Rating Increased to Moderate Buy at Desjardins

Ascot Resources (TSE:AOT) was upgraded by Desjardins to a “moderate buy” rating in a research report issued on Thursday, Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets reiterated an “outperform” rating and issued a C$1.25 price target on shares of Ascot Resources in a report on Thursday, July 4th. CIBC lowered their price target on shares of Ascot Resources from C$0.85 to C$0.60 in a research report on Friday, July 5th. Finally, Raymond James upgraded shares of Ascot Resources from a “market perform” rating to an “outperform” rating and increased their price objective for the company from C$0.90 to C$1.00 in a report on Tuesday, April 23rd.

Ascot Resources Stock Up 2.1 %

Shares of TSE AOT opened at C$0.48 on Thursday. The business has a fifty day moving average of C$0.60 and a two-hundred day moving average of C$0.64. The company has a debt-to-equity ratio of 7.77, a quick ratio of 1.73 and a current ratio of 0.64. Ascot Resources has a 52-week low of C$0.34 and a 52-week high of C$0.91. The stock has a market cap of C$299.59 million, a PE ratio of -24.00 and a beta of 1.66.

Ascot Resources (TSE:AOT) last announced its earnings results on Monday, May 13th. The company reported C($0.01) EPS for the quarter. As a group, equities research analysts expect that Ascot Resources will post 0.005022 earnings per share for the current fiscal 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.