Augusta Resource Corp Sees Significant Growth in Short Interest (AZC)
Augusta Resource Corp (NYSE:AZC) was the recipient of a significant growth in short interest during the month of June. As of June 13th, there was short interest totalling 2,371,885 shares, a growth of 0.3% from the May 30th total of 2,365,652 shares, Analyst Ratings.Net reports. Based on an average daily volume of 63,692 shares, the short-interest ratio is presently 37.2 days. Currently, 2.5% of the company’s stock are sold short.
Several analysts have recently commented on the stock. Analysts at National Bank Financial downgraded shares of Augusta Resource Corp to a “tender” rating in a research note on Tuesday. Analysts at Canaccord Genuity downgraded shares of Augusta Resource Corp to a “hold” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Augusta Resource Corp has a consensus rating of “Hold” and a consensus target price of $4.65.
Shares of Augusta Resource Corp (NYSE:AZC) opened at 3.19 on Thursday. 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 $2.8 and its 200-day moving average is $2.51. The company’s market cap is $464.0 million.
Augusta Resource Corp (NYSE:AZC) last posted its quarterly earnings results on Thursday, April 3rd. The company reported ($0.01) EPS for the quarter, beating the Thomson Reuters 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.
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.