Q4 2024 Earnings Estimate for Ascot Resources Ltd. (TSE:AOT) Issued By Raymond James

Ascot Resources Ltd. (TSE:AOT) – Equities researchers at Raymond James increased their Q4 2024 EPS estimates for Ascot Resources in a note issued to investors on Tuesday, September 10th. Raymond James analyst C. Stanley now expects that the company will post earnings of $0.00 per share for the quarter, up from their prior forecast of ($0.01). Raymond James has a “Market Perform” rating and a $0.15 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’ Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.00 EPS and Q4 2025 earnings at $0.00 EPS.

Other research analysts have also recently issued reports about the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a C$1.25 price target on shares of Ascot Resources in a research report on Thursday, July 4th. CIBC reduced their price target on shares of Ascot Resources from C$0.85 to C$0.60 in a research report on Friday, July 5th. Finally, Desjardins raised shares of Ascot Resources to a “moderate buy” rating in a research report on Thursday, July 25th.

Ascot Resources Stock Performance

Shares of AOT stock opened at C$0.16 on Wednesday. The stock has a market cap of C$113.03 million, a price-to-earnings ratio of -16.00 and a beta of 1.59. The company has a quick ratio of 1.73, a current ratio of 0.28 and a debt-to-equity ratio of 15.61. Ascot Resources has a fifty-two week low of C$0.14 and a fifty-two week high of C$0.91. The firm’s 50 day moving average price is C$0.45 and its two-hundred day moving average price is 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.