Ascot Resources (TSE:AOT) Upgraded to Outperform at Raymond James

Raymond James upgraded shares of Ascot Resources (TSE:AOT) from a market perform rating to an outperform rating in a research report released on Tuesday morning, BayStreet.CA reports. They currently have C$1.00 target price on the stock, up from their prior target price of C$0.90.

Ascot Resources Price Performance

Shares of TSE AOT opened at C$0.77 on Tuesday. Ascot Resources has a 1 year low of C$0.34 and a 1 year high of C$0.91. The firm’s 50-day moving average is C$0.70 and its 200-day moving average is C$0.55. The company has a current ratio of 1.95, a quick ratio of 1.73 and a debt-to-equity ratio of 5.62. The firm has a market capitalization of C$480.26 million, a PE ratio of -19.25 and a beta of 1.54.

Ascot Resources Company Profile

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.