AuRico Gold Price Target Raised to C$6.75 at Canaccord Genuity (AUQ)
Equities research analysts at Canaccord Genuity increased their price target on shares of AuRico Gold (TSE:AUQ) from C$6.25 to C$6.75 in a research note issued to investors on Monday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective points to a potential upside of 25.00% from the company’s current price.
Shares of AuRico Gold (TSE:AUQ) traded up 1.69% on Monday, hitting $5.40. 304,241 shares of the company’s stock traded hands. AuRico Gold has a 1-year low of $3.56 and a 1-year high of $7.97. The stock’s 50-day moving average is $4.06 and its 200-day moving average is $4.36.
The company also recently declared a Quarterly dividend, which is scheduled for Wednesday, January 29th. Shareholders of record on Wednesday, January 29th will be given a dividend of 0.04 per share. This represents a yield of 4.12%. The ex-dividend date of this dividend is Friday, January 10th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Desjardins cut their price target on shares of AuRico Gold from C$7.00 to C$6.75 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. Separately, analysts at CIBC reiterated a “sector perform” rating on shares of AuRico Gold in a research note to investors on Monday, November 11th. They now have a C$6.00 price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of AuRico Gold from C$6.00 to C$5.75 in a research note to investors on Friday, November 8th. They now have a “sector perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$5.70.
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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