Desjardins Estimates Ascot Resources FY2024 Earnings

Ascot Resources Ltd. (TSE:AOT) – Stock analysts at Desjardins issued their FY2024 earnings per share (EPS) estimates for shares of Ascot Resources in a research report issued to clients and investors on Wednesday, November 20th. Desjardins analyst A. Carson forecasts that the company will earn ($0.02) per share for the year. Desjardins has a “Moderate Buy” rating on the stock. The consensus estimate for Ascot Resources’ current full-year earnings is $0.10 per share. Desjardins also issued estimates for Ascot Resources’ FY2025 earnings at $0.02 EPS, FY2026 earnings at $0.18 EPS and FY2027 earnings at $0.13 EPS.

Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets reduced their price target on shares of Ascot Resources from C$1.25 to C$0.75 and set an “outperform” rating on the stock in a research report on Tuesday, November 19th. Raymond James downgraded Ascot Resources from an “outperform” rating to a “market perform” rating and cut their price target for the stock from C$1.00 to C$0.15 in a research note on Tuesday, September 10th.

Ascot Resources Stock Performance

Shares of AOT stock opened at C$0.23 on Monday. The company has a quick ratio of 1.73, a current ratio of 0.28 and a debt-to-equity ratio of 15.61. The stock has a fifty day moving average of C$0.20 and a 200 day moving average of C$0.42. The firm has a market capitalization of C$162.47 million, a price-to-earnings ratio of -23.00 and a beta of 1.46. Ascot Resources has a 52 week low of C$0.14 and a 52 week high of C$0.91.

Ascot Resources (TSE:AOT) last issued its quarterly earnings data on Friday, November 8th. The company reported C($0.02) EPS for the quarter. Ascot Resources had a negative net margin of 125.09% and a negative return on equity of 0.83%. The firm had revenue of C$11.99 million for the quarter.

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.