Desjardins Upgrades Ascot Resources (TSE:AOT) to Moderate Buy

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

AOT has been the topic of several other reports. 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 report on Tuesday. 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.

Ascot Resources Stock Performance

TSE AOT opened at C$0.24 on Wednesday. The firm has a market capitalization of C$169.54 million, a P/E ratio of -24.00 and a beta of 1.46. Ascot Resources has a 1-year low of C$0.14 and a 1-year high of C$0.91. 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’s 50-day simple moving average is C$0.20 and its 200-day simple moving average is 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 for the quarter. The firm had revenue of C$11.99 million during the quarter. Ascot Resources had a negative net margin of 125.09% and a negative return on equity of 0.83%. Equities analysts predict that Ascot Resources will post 0.1030303 EPS 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.