Canaccord Genuity Lowers Augusta Resource Corp. Price Target to C$4.75 (AZC)
Research analysts at Canaccord Genuity cut their price objective on shares of Augusta Resource Corp. (TSE:AZC) from C$5.75 to C$4.75 in a report released on Tuesday, American Banking News reports. The firm currently has a “speculative buy” rating on the stock. Canaccord Genuity’s price objective indicates a potential upside of 137.50% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at CIBC reiterated an “outperform” rating on shares of Augusta Resource Corp. (TSE:AZC) in a research note to investors on Tuesday. They now have a C$5.00 price target on the stock. Separately, analysts at Scotiabank cut their price target on shares of Augusta Resource Corp. (TSE:AZC) from C$4.50 to C$4.30 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at TD Securities raised their price target on shares of Augusta Resource Corp. (TSE:AZC) from C$4.25 to C$5.00 in a research note to investors on Friday. They now have a “speculative buy” rating on the stock.
Five research analysts have rated the stock with a buy rating, Augusta Resource Corp. has an average rating of “Buy” and an average price target of C$4.61.
Shares of Augusta Resource Corp. (TSE:AZC) traded up 1.50% on Tuesday, hitting $2.03. 656,380 shares of the company’s stock traded hands. Augusta Resource Corp. has a 52 week low of $1.80 and a 52 week high of $2.99. The stock’s 50-day moving average is $2.12 and its 200-day moving average is $2.37. The company’s market cap is $293.0 million.
Augusta Resource Corporation (TSE:AZC) is engaged in the acquisition, exploration and development of natural mineral resource properties.
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