Ascot Resources (TSE:AOT) Upgraded at Desjardins

Desjardins upgraded shares of Ascot Resources (TSE:AOT) to a moderate buy rating in a report published on Wednesday morning,Zacks.com reports.

Several other research firms have also commented on AOT. BMO Capital Markets dropped their target price on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a research note on Tuesday. Raymond James lowered Ascot Resources from an “outperform” rating to a “market perform” rating and dropped their target price for the company from C$1.00 to C$0.15 in a research note on Tuesday, September 10th.

Ascot Resources Price Performance

AOT stock opened at C$0.24 on Wednesday. The company has a debt-to-equity ratio of 15.61, a current ratio of 0.28 and a quick ratio of 1.73. The company’s 50 day simple moving average is C$0.20 and its 200-day simple moving average is C$0.43. Ascot Resources has a 12 month low of C$0.14 and a 12 month high of C$0.91. The firm has a market capitalization of C$169.54 million, a PE ratio of -24.00 and a beta of 1.46.

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

About Ascot Resources

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.