Desjardins Weighs in on Ascot Resources FY2024 Earnings

Ascot Resources Ltd. (TSE:AOT) – Research analysts at Desjardins issued their FY2024 earnings per share (EPS) estimates for Ascot Resources in a research report issued on Wednesday, November 20th. Desjardins analyst A. Carson forecasts that the company will earn ($0.02) per share for the year. Desjardins currently has a “Moderate Buy” rating on the stock. The consensus estimate for Ascot Resources’ current full-year earnings is $0.10 per share. Desjardins also issued estimates for Ascot Resources’ FY2025 earnings at $0.02 EPS, FY2026 earnings at $0.18 EPS and FY2027 earnings at $0.13 EPS.

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

Several other research analysts have also commented on AOT. BMO Capital Markets cut their price objective on Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating for the company in a report on Tuesday, November 19th. Raymond James lowered shares of Ascot Resources from an “outperform” rating to a “market perform” rating and dropped their target price for the company from C$1.00 to C$0.15 in a research report on Tuesday, September 10th.

Ascot Resources Price Performance

Ascot Resources stock opened at C$0.24 on Monday. The stock has a market cap of C$169.54 million, a price-to-earnings ratio of -24.00 and a beta of 1.46. The company has a quick ratio of 1.73, a current ratio of 0.28 and a debt-to-equity ratio of 15.61. 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 has a 52 week low of C$0.14 and a 52 week high of C$0.91.

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.