Ascot Resources Maintained at Outperform by BMO as It Suspend Milling at Premier; Price Target Kept at C$1.25

MT Newswires Live09-09

Ascot Resources Maintained at Outperform by BMO as It Suspend Milling at Premier; Price Target Kept at C$1.25 BMO Capital Markets on Monday maintained its outperform rating on the shares of Ascot ...

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Price Target Kept ","collect":0,"end_time":0,"defaultTopTitle":"mtnewswires.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4561":"索罗斯持仓","PGP":"PIMCO全球StocksPLUS收益基金","MT":"安赛乐米塔尔","BMO":"蒙特利尔银行","BK4006":"钢铁","BK4207":"综合性银行"},"translate_title":"由于暂停Premier的铣削，BMO将Ascot Resources维持在跑赢大盘的评级；目标价维持在1.25加元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BMO":1,"MT":1,"PGP":1},"content_text":"Ascot Resources Maintained at Outperform by BMO as It Suspend Milling at Premier; Price Target Kept at C$1.25 BMO Capital Markets on Monday maintained its outperform rating on the shares of Ascot Resources (AOT.TO) and its C$1.25 price target after the company said it is temporarily ended million operations at its Premier gold mine in British Columbia's Golden Triangle in order to focus on mine development.\"AOT announced that the company has suspended its operations at the Premier Gold Project (PGP) to focus on mine development until the combination of the Big Missouri and Premier Northern Lights (PNL) mines can deliver enough ore feed to profitably run the operations. Management estimates that this will take three to six months. The company also noted that it had a cash resource of ~C$15M and has the intention to seek funding to complete the necessary mine development work. We maintain our Outperform rating and $1.25 target price,\" analyst Brian Quast noted.(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. 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