Raymond James Brokers Cut Earnings Estimates for Ascot Resources Ltd. (TSE:AOT)

Ascot Resources Ltd. (TSE:AOT) – Raymond James dropped their FY2025 EPS estimates for Ascot Resources in a report released on Tuesday, September 10th. Raymond James analyst C. Stanley now forecasts that the company will earn ($0.01) per share for the year, down from their prior forecast of $0.04. Raymond James currently has a “Market Perform” rating and a $0.15 target price on the stock. The consensus estimate for Ascot Resources’ current full-year earnings is $0.01 per share.

Other equities analysts also recently issued reports about the company. CIBC lowered their price objective on Ascot Resources from C$0.85 to C$0.60 in a research report on Friday, July 5th. BMO Capital Markets reissued an “outperform” rating and issued a C$1.25 price target on shares of Ascot Resources in a report on Thursday, July 4th. Finally, Desjardins upgraded Ascot Resources to a “moderate buy” rating in a research note on Thursday, July 25th.

Ascot Resources Stock Performance

Shares of Ascot Resources stock opened at C$0.16 on Thursday. Ascot Resources has a fifty-two week low of C$0.14 and a fifty-two week high of C$0.91. The company has a debt-to-equity ratio of 15.61, a quick ratio of 1.73 and a current ratio of 0.28. The company has a market capitalization of C$113.03 million, a P/E ratio of -16.00 and a beta of 1.59. The company has a fifty day moving average of C$0.45 and a 200 day moving average of C$0.62.

About Ascot Resources

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.