Ascot Resources (TSE:AOT) Upgraded by Desjardins to Moderate Buy Rating

Ascot Resources (TSE:AOT) was upgraded by equities research analysts at Desjardins to a “moderate buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other brokerages have also issued reports on AOT. Raymond James lowered Ascot Resources from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$1.00 to C$0.15 in a research report on Tuesday, September 10th. BMO Capital Markets reduced their price target on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a research report on Tuesday.

Ascot Resources Trading Up 14.3 %

TSE:AOT opened at C$0.24 on Wednesday. Ascot Resources has a 12-month low of C$0.14 and a 12-month high of C$0.91. The firm has a market capitalization of C$169.54 million, a P/E ratio of -24.00 and a beta of 1.46. The company has a debt-to-equity ratio of 15.61, a current ratio of 0.28 and a quick ratio of 1.73. The business has a 50 day simple moving average of C$0.20 and a 200 day simple moving average of C$0.43.

Ascot Resources (TSE:AOT) last released its quarterly earnings data on Friday, November 8th. The company reported C($0.02) earnings per share (EPS) for the quarter. Ascot Resources had a negative net margin of 125.09% and a negative return on equity of 0.83%. The company had revenue of C$11.99 million for the quarter. Equities research analysts predict that Ascot Resources will post 0.1030303 EPS for the current year.

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.