AuRico Gold Upgraded to “Outperform” at Raymond James (AUQ)
AuRico Gold (TSE:AUQ) was upgraded by research analysts at Raymond James to an “outperform” rating in a report released on Thursday, StockRatingsNetwork reports.
AuRico Gold (TSE:AUQ) traded up 1.04% on Thursday, hitting $3.89. The stock had a trading volume of 1,116,773 shares. AuRico Gold has a one year low of $3.85 and a one year high of $8.53. The stock’s 50-day moving average is $4.70 and its 200-day moving average is $5.23.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 29th. Investors of record on Friday, October 11th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 4.11%.
Several other analysts have also recently commented on the stock. Analysts at Scotiabank upgraded shares of AuRico Gold (TSE:AUQ) from a “sector perform” rating to a “sector outperform” rating in a research note to investors on Monday, September 23rd. They now have a C$6.00 price target on the stock, up previously from C$5.00. Separately, analysts at TD Securities cut their price target on shares of AuRico Gold (TSE:AUQ) from C$4.00 to C$3.50 in a research note to investors on Monday, August 12th. They now have a “reduce” rating on the stock. Finally, analysts at CIBC cut their price target on shares of AuRico Gold (TSE:AUQ) from C$9.00 to C$6.00 in a research note to investors on Thursday, July 18th. They now have a “sector perform” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of C$5.69.
AuRico Gold Inc is a Canada-based gold producer with mines and projects in North America. The Company and its subsidiaries are engaged in the mining, development, exploration, and acquisition of resource properties.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.