Today, an analyst has provided a rating update for the Materials sector company, Ascot Resources (AOT – Research Report). Analyst Craig Stanley from Raymond James reiterated a Hold rating, with a C$0.90 price target.
According to TipRanks.com, Stanley ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -7.5% and a 36.9% success rate. Stanley covers the Basic Materials sector, focusing on stocks such as New Pacific Metals, SilverCrest Metals, and Silvercorp Metals.
Currently, the analyst consensus on Ascot Resources is a Moderate Buy with an average price target of C$1.30.
Based on Ascot Resources’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of C$8.28 million. In comparison, last year the company had a GAAP net loss of C$170K.
Ascot Resources Ltd is a Canadian-based junior mineral exploration and development company. It is a focused gold and silver explorer with a portfolio of advanced and grassroots projects in the Golden Triangle region of British Columbia. It holds an interest in Premier Gold Project and Red Mountain Project.
The company’s shares closed last Friday at C$0.59.
Read More on TSE:AOT:
