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Augusta Resource Corp (NYSE:AZC) was downgraded by research analysts at Canaccord Genuity to a “hold” rating in a report released on Tuesday.

Shares of Augusta Resource Corp (NYSE:AZC) traded up 0.55% 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’s 50-day moving average is $2.81 and its 200-day moving average is $2.49. The company’s market cap is $462.6 million. Augusta Resource Corp also was the target of a significant increase in short interest in the month of 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. Approximately 2.5% of the company’s stock are sold short. Based on an average daily volume of 63,692 shares, the days-to-cover ratio is presently 37.2 days.

Augusta Resource Corp (NYSE:AZC) last issued its quarterly earnings data 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.

Augusta Resource Corporation (NYSE:AZC) is engaged in the acquisition, exploration and development of natural mineral resource properties.

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