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

Raymond James upgraded shares of Ascot Resources (TSE:AOT) from a market perform rating to an outperform rating in a report released on Tuesday morning, BayStreet.CA reports. Raymond James currently has C$1.00 price target on the stock, up from their prior price target of C$0.90.

Ascot Resources Price Performance

AOT opened at C$0.77 on Tuesday. Ascot Resources has a 1 year low of C$0.34 and a 1 year high of C$0.91. The firm has a 50 day moving average price of C$0.70 and a 200 day moving average price of 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 cap of C$480.26 million, a PE ratio of -19.25 and a beta of 1.54.

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.