Ascot Resources Ltd. (TSE:AOT) to Post Q1 2023 Earnings of ($0.01) Per Share, Raymond James Forecasts

Ascot Resources Ltd. (TSE:AOTGet Rating) – Research analysts at Raymond James issued their Q1 2023 earnings per share estimates for Ascot Resources in a report issued on Tuesday, April 19th. Raymond James analyst C. Stanley anticipates that the company will post earnings per share of ($0.01) for the quarter. Raymond James has a “Market Perform” rating and a $1.15 price target on the stock. Raymond James also issued estimates for Ascot Resources’ Q2 2023 earnings at ($0.01) EPS, Q3 2023 earnings at $0.03 EPS, Q4 2023 earnings at $0.03 EPS and FY2023 earnings at $0.04 EPS.

Separately, CIBC dropped their target price on Ascot Resources from C$1.65 to C$1.30 and set an “outperform” rating on the stock in a research note on Tuesday, April 5th.

Shares of AOT stock opened at C$1.00 on Thursday. Ascot Resources has a 1-year low of C$0.87 and a 1-year high of C$1.41. The stock’s fifty day moving average price is C$1.06 and its 200 day moving average price is C$1.13. The company has a debt-to-equity ratio of 16.37, a current ratio of 4.19 and a quick ratio of 4.11. The company has a market cap of C$435.01 million and a price-to-earnings ratio of -125.00.

About Ascot Resources (Get Rating)

Ascot Resources Ltd. operates as a mineral development and exploration company in the United States and Canada. The company explores for gold, silver, copper, molybdenum, and gravel deposits. It holds 100% interests in the Premier Gold project covering an area of 8,133 hectares located to the northwest of the town of Stewart, British Columbia; and the Red Mountain project covering an area of 17,125 hectares located to the east-northeast of the town of Stewart.

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Earnings History and Estimates for Ascot Resources (TSE:AOT)

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