Morgan Stanley is maintaining an “overweight" recommendation on Alacer Gold with a price target of $3.05 a share.
“Overall, the site tour to Alacer’s sole operating mine, Çöpler, showed a well-run operation with potential near-term upside from regional oxide deposits. A recent preliminary corporate approach highlights the value we see in the stock from the long-life, low-cost gold producer."
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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.
