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

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

Several other research firms have also recently weighed in on AOT. Raymond James cut Ascot Resources from an “outperform” rating to a “market perform” rating and cut their price objective for the company 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 on the stock in a research note on Tuesday.

Ascot Resources Price Performance

AOT opened at C$0.24 on Wednesday. The stock’s 50 day moving average price is C$0.20 and its 200-day moving average price is C$0.43. Ascot Resources has a 52-week low of C$0.14 and a 52-week high of C$0.91. The stock has a market capitalization of C$169.54 million, a PE ratio of -24.00 and a beta of 1.46. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.73 and a current ratio of 0.28.

Ascot Resources (TSE:AOT) last issued its quarterly earnings data on Friday, November 8th. The company reported C($0.02) EPS for the quarter. Ascot Resources had a negative return on equity of 0.83% and a negative net margin of 125.09%. The company had revenue of C$11.99 million during the quarter. On average, 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.