Ascot Resources (TSE:AOT) Upgraded to Outperform by Raymond James

Ascot Resources (TSE:AOT) was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating in a report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a C$1.00 price target on the stock, up from their prior price target of C$0.90. Raymond James’ price target would indicate a potential upside of 33.33% from the company’s current price. Raymond James also issued estimates for Ascot Resources’ FY2025 earnings at $0.04 EPS.

Ascot Resources Price Performance

Shares of TSE:AOT opened at C$0.75 on Tuesday. The company’s 50-day moving average is C$0.71 and its 200 day moving average is C$0.55. The company has a debt-to-equity ratio of 5.62, a quick ratio of 1.73 and a current ratio of 1.95. The company has a market capitalization of C$467.79 million, a P/E ratio of -18.75 and a beta of 1.54. Ascot Resources has a fifty-two week low of C$0.34 and a fifty-two week high of C$0.91.

Ascot Resources Company Profile

Ascot Resources Ltd. operates as a mineral development and exploration company in the United States and Canada. It explores for gold, silver, copper, porphyry copper, molybdenum, and gravel deposits. The Company's principal property includes two landholdings, including its 100% interests in the Premier Gold Project covering an area of 8,133 hectares; and Red Mountain Project that covers an area of 17,125 hectares located in British Columbia.