Ascot Resources (TSE:AOT) PT Lowered to C$0.85

Ascot Resources (TSE:AOT) had its price target cut by analysts at CIBC from C$0.90 to C$0.85 in a research note issued on Friday, BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s target price would suggest a potential upside of 104.82% from the company’s current price.

Separately, BMO Capital Markets reduced their target price on shares of Ascot Resources from C$1.25 to C$1.00 in a research report on Monday, November 13th.

Ascot Resources Trading Up 1.2 %

TSE:AOT opened at C$0.42 on Friday. The company has a debt-to-equity ratio of 5.62, a quick ratio of 1.73 and a current ratio of 1.95. The firm has a market cap of C$230.72 million, a price-to-earnings ratio of -10.38 and a beta of 1.10. Ascot Resources has a 52 week low of C$0.34 and a 52 week high of C$0.80. The firm has a 50-day moving average price of C$0.39 and a two-hundred day moving average price of C$0.50.

About Ascot Resources

Ascot Resources Ltd. operates as a mineral development and exploration company in the United States and Canada. It explores for gold, silver, copper, porphyry copper, molybdenum, and gravel deposits. The Company's principal property includes two landholdings, including its 100% interests in the Premier Gold Project covering an area of 8,133 hectares; and Red Mountain Project that covers an area of 17,125 hectares located in British Columbia.