Desjardins Comments on Ascot Resources FY2024 Earnings

Ascot Resources Ltd. (TSE:AOT) – Stock analysts at Desjardins issued their FY2024 earnings estimates for Ascot Resources in a research note issued to investors on Wednesday, November 20th. Desjardins analyst A. Carson expects that the company will earn ($0.02) per share 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.

Ascot Resources (TSE:AOT) last issued 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 return on equity of 0.83% and a negative net margin of 125.09%. The firm had revenue of C$11.99 million during the quarter.

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

Ascot Resources Trading Down 4.3 %

TSE:AOT opened at C$0.22 on Monday. The company has a quick ratio of 1.73, a current ratio of 0.28 and a debt-to-equity ratio of 15.61. The company has a fifty day moving average of C$0.20 and a 200 day moving average of C$0.42. The firm has a market capitalization of C$155.41 million, a P/E ratio of -22.00 and a beta of 1.46. Ascot Resources has a 52 week low of C$0.14 and a 52 week high of C$0.91.

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.