Report
EUR 13.98 For Business Accounts Only

An unfavourable environment weighs on ALACER GOLD, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of ALACER GOLD (CA), active in the General Mining industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date August 21, 2020, the closing price was CAD 8.20 and its target price was estimated at CAD 5.58.
Underlying
Alacer Gold

Alacer Gold is engaged in the exploration, development and operation of gold and mineral deposits in Turkey. Co. has eleven active exploration projects in Turkey which are joint ventures with Co.'s Turkish partner, Lidya Madencilik A.S., including an 80% interest in the Copler Gold Mine (an open-pit heap-leach operation producing gold from oxide ore) in eastern Turkey that produced 271,063 ounces of gold during 2013; this mine has proven and probable reserves of 3.8 million ounces and measured and indicated resources of 7.8 million ounces of contained gold.

Provider
TheScreener
TheScreener

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