BMO Capital Markets Has Lowered Expectations for Ascot Resources (TSE:AOT) Stock Price

Ascot Resources (TSE:AOT) had its target price reduced by equities researchers at BMO Capital Markets from C$1.25 to C$0.75 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price suggests a potential upside of 265.85% from the company’s current price.

A number of other equities analysts have also commented on the stock. Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a research report on Thursday, July 25th. Raymond James lowered shares of Ascot Resources from an “outperform” rating to a “market perform” rating and cut their price objective for the company from C$1.00 to C$0.15 in a report on Tuesday, September 10th.

Ascot Resources Trading Down 6.8 %

Shares of AOT opened at C$0.21 on Tuesday. The company’s fifty day simple moving average is C$0.20 and its 200-day simple moving average is C$0.43. The company has a market cap of C$144.81 million, a P/E ratio of -20.50 and a beta of 1.46. The company has a current ratio of 0.28, a quick ratio of 1.73 and a debt-to-equity ratio of 15.61. Ascot Resources has a twelve month low of C$0.14 and a twelve month high of C$0.91.

Ascot Resources (TSE:AOT) last announced its earnings results on Friday, November 8th. The company reported C($0.02) earnings per share (EPS) for the quarter. Ascot Resources had a negative net margin of 125.09% and a negative return on equity of 0.83%. The business had revenue of C$11.99 million for the quarter. As a group, analysts expect that Ascot Resources will post 0.1030303 EPS for the current year.

Ascot Resources Company Profile

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.