Ascot Resources (TSE:AOT) Price Target Lowered to C$0.75 at BMO Capital Markets

Ascot Resources (TSE:AOT) had its price objective reduced by analysts at BMO Capital Markets from C$1.25 to C$0.75 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would suggest a potential upside of 237.08% from the stock’s previous close.

Several other research analysts have also issued reports on AOT. Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a research note on Thursday, July 25th. Raymond James lowered shares of Ascot Resources from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$1.00 to C$0.15 in a research note on Tuesday, September 10th.

Ascot Resources Stock Performance

TSE AOT traded up C$0.02 during trading hours on Tuesday, reaching C$0.22. The company’s stock had a trading volume of 881,551 shares, compared to its average volume of 1,030,091. The business has a 50-day simple moving average of C$0.20 and a 200 day simple moving average of C$0.44. Ascot Resources has a 52 week low of C$0.14 and a 52 week high of C$0.91. The stock has a market cap of C$157.18 million, a PE ratio of -22.25 and a beta of 1.46. The company has a current ratio of 0.28, a quick ratio of 1.73 and a debt-to-equity ratio of 15.61.

Ascot Resources (TSE:AOT) last posted its quarterly earnings data on Friday, November 8th. The company reported C($0.02) EPS for the quarter. Ascot Resources had a negative net margin of 125.09% and a negative return on equity of 0.83%. The company had revenue of C$11.99 million for the quarter. Equities research analysts predict that Ascot Resources will post 0.1030303 earnings per share 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.