Desjardins Comments on Ascot Resources FY2024 Earnings

Ascot Resources Ltd. (TSE:AOT) – Stock analysts at Desjardins issued their FY2024 earnings per share (EPS) estimates for shares of Ascot Resources in a research note issued on Wednesday, November 20th. Desjardins analyst A. Carson anticipates that the company will post earnings per share of ($0.02) for the year. Desjardins currently has a “Moderate Buy” rating on the stock. The consensus estimate for Ascot Resources’ current full-year earnings is $0.10 per share. Desjardins also issued estimates for Ascot Resources’ FY2025 earnings at $0.02 EPS, FY2026 earnings at $0.18 EPS and FY2027 earnings at $0.13 EPS.

Several other brokerages have also recently weighed in on AOT. Raymond James cut Ascot Resources from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from C$1.00 to C$0.15 in a research note on Tuesday, September 10th. BMO Capital Markets reduced their price objective on shares of Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a research report on Tuesday, November 19th.

Ascot Resources Price Performance

AOT stock opened at C$0.24 on Monday. The firm has a market capitalization of C$169.54 million, a PE ratio of -24.00 and a beta of 1.46. The company has a quick ratio of 1.73, a current ratio of 0.28 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. The stock’s 50 day moving average is C$0.20 and its 200-day moving average is C$0.43.

Ascot Resources (TSE:AOT) last released its quarterly earnings data on Friday, November 8th. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$11.99 million during the quarter. Ascot Resources had a negative net margin of 125.09% and a negative return on equity of 0.83%.

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.