Ascot Resources (TSE:AOT – Get Free Report) was downgraded by investment analysts at Raymond James from an “outperform” rating to a “market perform” rating in a report released on Tuesday, BayStreet.CA reports. They currently have a C$0.15 target price on the stock, down from their prior target price of C$1.00. Raymond James’ price target points to a potential downside of 7.69% from the company’s current price.
Several other analysts also recently weighed in on AOT. BMO Capital Markets reissued an “outperform” rating and set a C$1.25 target price on shares of Ascot Resources in a research report on Thursday, July 4th. Desjardins upgraded shares of Ascot Resources to a “moderate buy” rating in a research note on Thursday, July 25th. Finally, CIBC decreased their price objective on shares of Ascot Resources from C$0.85 to C$0.60 in a research note on Friday, July 5th.
Check Out Our Latest Analysis on AOT
Ascot Resources Stock Performance
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.
Recommended Stories
- Five stocks we like better than Ascot Resources
- Consumer Staples Stocks, Explained
- Matador Resources Insiders Keep Buying Its Stock, Should You?
- The Most Important Warren Buffett Stock for Investors: His Own
- Oracle Can Turn the Magnificent 7 Into 8: Here’s Why
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Palantir Stock Is Up 14% on S&P 500 News: Is It Time to Buy?
Receive News & Ratings for Ascot Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascot Resources and related companies with MarketBeat.com's FREE daily email newsletter.