BMO Capital Markets Cuts Ascot Resources (TSE:AOT) Price Target to C$0.75

Ascot Resources (TSE:AOT) had its price objective cut by BMO Capital Markets from C$1.25 to C$0.75 in a research note published on Tuesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

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

Ascot Resources Stock Up 14.3 %

Shares of TSE AOT opened at C$0.24 on Tuesday. The firm’s 50 day moving average price is C$0.20 and its 200 day moving average price is C$0.43. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.73 and a current ratio of 0.28. The firm has a market cap of C$169.54 million, a P/E ratio of -24.00 and a beta of 1.46. Ascot Resources has a 1 year low of C$0.14 and a 1 year high of C$0.91.

Ascot Resources (TSE:AOT) last announced its quarterly earnings data on Friday, November 8th. The company reported C($0.02) EPS 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%. As a group, sell-side analysts anticipate that Ascot Resources will post 0.1030303 earnings per share for the current 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.