AuRico Gold Upgraded to “Outperform” at Credit Suisse (AUQ)
AuRico Gold (NYSE:AUQ) was upgraded by analysts at Credit Suisse from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $5.00 price target on the stock, down from their previous price target of $5.50. Credit Suisse’s target price points to a potential upside of 34.41% from the company’s current price.
Shares of AuRico Gold (NYSE:AUQ) opened at 3.86 on Monday. AuRico Gold has a 52-week low of $3.70 and a 52-week high of $8.53. The stock’s 50-day moving average is $4.24 and its 200-day moving average is $4.81. The company’s market cap is $953.8 million.
AuRico Gold (NYSE:AUQ) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.04 by $0.02. The company had revenue of $57.66 million for the quarter, compared to the consensus estimate of $53.51 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 110.0% on a year-over-year basis. On average, analysts predict that AuRico Gold will post $0.12 earnings per share for the current fiscal year.
Separately, analysts at Raymond James upgraded shares of AuRico Gold from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $5.75 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $7.90.
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.
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