Ascot Resources (TSE:AOT) Upgraded to “Outperform” at Raymond James

Raymond James upgraded shares of Ascot Resources (TSE:AOT) from a market perform rating to an outperform rating in a research note released on Tuesday morning, BayStreet.CA reports. They currently have C$1.00 price target on the stock, up from their previous price target of C$0.90. Raymond James also issued estimates for Ascot Resources’ Q4 2024 earnings at ($0.01) EPS, FY2024 earnings at ($0.01) EPS and FY2025 earnings at $0.04 EPS.

Ascot Resources Price Performance

Shares of TSE:AOT opened at C$0.74 on Tuesday. Ascot Resources has a fifty-two week low of C$0.34 and a fifty-two week high of C$0.91. The business has a 50-day moving average of C$0.71 and a two-hundred day moving average of C$0.55. The stock has a market capitalization of C$461.55 million, a P/E ratio of -18.50 and a beta of 1.54. The company has a debt-to-equity ratio of 5.62, a current ratio of 1.95 and a quick ratio of 1.73.

About Ascot Resources

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.