Augusta Resource Corp Lowered to “Tender” at National Bank Financial (AZC)
Augusta Resource Corp (NYSE:AZC) traded up 0.55% during mid-day trading on Tuesday, hitting $3.18. 833,586 shares of the company’s stock traded hands. Augusta Resource Corp has a 52 week low of $0.45 and a 52 week high of $3.29. The stock has a 50-day moving average of $2.81 and a 200-day moving average of $2.49. The company’s market cap is $462.6 million. Augusta Resource Corp also was the recipient of a large increase in short interest in June. As of June 13th, there was short interest totalling 2,371,885 shares, an increase of 0.3% from the May 30th total of 2,365,652 shares. Based on an average daily trading volume, of 63,692 shares, the days-to-cover ratio is presently 37.2 days. Currently, 2.5% of the shares of the company are short sold.
Augusta Resource Corp (NYSE:AZC) last posted its quarterly earnings results on Thursday, April 3rd. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. On average, analysts predict that Augusta Resource Corp will post $-0.11 earnings per share for the current fiscal year.
Separately, analysts at Canaccord Genuity downgraded shares of Augusta Resource Corp to a “hold” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $4.65.
Augusta Resource Corporation (NYSE:AZC) is engaged in the acquisition, exploration and development of natural mineral resource properties.
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