Ascot Resources (TSE:AOT) Price Target Cut to C$0.85 by Analysts at CIBC

Ascot Resources (TSE:AOT) had its price objective lowered by CIBC from C$0.90 to C$0.85 in a research report report published on Friday morning, BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

Separately, BMO Capital Markets reduced their target price on Ascot Resources from C$1.25 to C$1.00 in a report on Monday, November 13th.

Ascot Resources Price Performance

Shares of Ascot Resources stock opened at C$0.40 on Friday. The business has a 50 day simple moving average of C$0.39 and a two-hundred day simple moving average of C$0.50. Ascot Resources has a 12 month low of C$0.34 and a 12 month high of C$0.80. The stock has a market capitalization of C$219.60 million, a P/E ratio of -9.88 and a beta of 1.10. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.95 and a quick ratio of 1.73.

Ascot Resources Company Profile

Ascot Resources Ltd. operates as a mineral development and exploration company in the United States and Canada. It explores for gold, silver, copper, porphyry copper, molybdenum, and gravel deposits. The Company's principal property includes two landholdings, including its 100% interests in the Premier Gold Project covering an area of 8,133 hectares; and Red Mountain Project that covers an area of 17,125 hectares located in British Columbia.