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

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

Several other research firms have also weighed in on AOT. Raymond James lowered shares of Ascot Resources from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from C$1.00 to C$0.15 in a research note on Tuesday, September 10th. BMO Capital Markets decreased their price objective on shares of Ascot Resources from C$1.25 to C$0.75 and set an "outperform" rating for the company in a report on Tuesday.

Ascot Resources Stock Up 2.1 %

Ascot Resources stock traded up C$0.01 during midday trading on Wednesday, hitting C$0.25. 756,308 shares of the stock were exchanged, compared to its average volume of 1,044,961. The company has a debt-to-equity ratio of 15.61, a current ratio of 0.28 and a quick ratio of 1.73. Ascot Resources has a 1 year low of C$0.14 and a 1 year high of C$0.91. The company has a 50 day moving average price of C$0.20 and a two-hundred day moving average price of C$0.43. The firm has a market cap of C$173.07 million, a P/E ratio of -24.50 and a beta of 1.46.

Ascot Resources (TSE:AOT - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$11.99 million for the quarter. Ascot Resources had a negative net margin of 125.09% and a negative return on equity of 0.83%. On average, sell-side analysts predict that Ascot Resources will post 0.1030303 earnings per share for the current fiscal 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.