Analysts Offer Predictions for Ascot Resources Ltd.’s FY2024 Earnings (TSE:AOT)

Ascot Resources Ltd. (TSE:AOT) – Equities researchers at Raymond James upped their FY2024 earnings per share estimates for shares of Ascot Resources in a research note issued to investors on Monday, April 22nd. Raymond James analyst C. Stanley now expects that the company will post earnings of ($0.01) per share for the year, up from their previous estimate of ($0.02). Raymond James has a “Outperform” rating and a $1.00 price objective on the stock. The consensus estimate for Ascot Resources’ current full-year earnings is $0.01 per share. Raymond James also issued estimates for Ascot Resources’ Q4 2024 earnings at ($0.01) EPS.

Ascot Resources Trading Down 5.3 %

TSE AOT opened at C$0.71 on Thursday. The stock has a market capitalization of C$442.84 million, a price-to-earnings ratio of -17.75 and a beta of 1.54. The stock’s 50 day moving average price is C$0.71 and its two-hundred day moving average price is C$0.55. The company has a debt-to-equity ratio of 5.62, a quick ratio of 1.73 and a current ratio of 1.95. Ascot Resources has a 52 week low of C$0.34 and a 52 week high of C$0.91.

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.