Ascot Resources (TSE:AOT) Upgraded at Desjardins

Desjardins upgraded shares of Ascot Resources (TSE:AOT) to a moderate buy rating in a research report sent to investors on Thursday, Zacks.com reports.

Several other analysts have also issued reports on the company. CIBC cut their price target on Ascot Resources from C$0.85 to C$0.60 in a report on Friday, July 5th. BMO Capital Markets reaffirmed an outperform rating and set a C$1.25 price target on shares of Ascot Resources in a report on Thursday, July 4th. Finally, Raymond James upgraded Ascot Resources from a market perform rating to an outperform rating and boosted their price objective for the company from C$0.90 to C$1.00 in a research report on Tuesday, April 23rd.

Ascot Resources Price Performance

TSE AOT opened at C$0.48 on Thursday. The stock has a market capitalization of C$299.59 million, a price-to-earnings ratio of -24.00 and a beta of 1.66. Ascot Resources has a 1-year low of C$0.34 and a 1-year high of C$0.91. The company has a debt-to-equity ratio of 7.77, a current ratio of 0.64 and a quick ratio of 1.73. The business’s fifty day moving average price is C$0.60 and its 200-day moving average price is C$0.64.

Ascot Resources (TSE:AOT) last released its quarterly earnings results on Monday, May 13th. The company reported C($0.01) EPS for the quarter. On average, equities analysts predict that Ascot Resources will post 0.005022 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.