Ascot Resources Ltd. Expected to Post FY2024 Earnings of ($0.01) Per Share (TSE:AOT)

Ascot Resources Ltd. (TSE:AOT) – Investment analysts at Raymond James upped their FY2024 earnings estimates for Ascot Resources in a research note issued to investors on Monday, April 22nd. Raymond James analyst C. Stanley now forecasts that the company will earn ($0.01) per share for the year, up from their previous forecast of ($0.02). Raymond James has a “Outperform” rating and a $1.00 price objective on the stock. The consensus estimate for Ascot Resources’ current full-year earnings is $0.01 per share. Raymond James also issued estimates for Ascot Resources’ Q4 2024 earnings at ($0.01) EPS.

Ascot Resources Price Performance

Shares of AOT opened at C$0.74 on Thursday. Ascot Resources has a fifty-two week low of C$0.34 and a fifty-two week high of C$0.91. The company has a market capitalization of C$461.55 million, a price-to-earnings ratio of -18.50 and a beta of 1.54. The firm has a 50-day simple moving average of C$0.71 and a 200-day simple moving average 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.

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.