Augusta Resource Corp. Given New C$3.70 Price Target at Canaccord Genuity (AZC)
Investment analysts at Canaccord Genuity lifted their target price on shares of Augusta Resource Corp. (TSE:AZC) to C$3.70 in a note issued to investors on Wednesday. Canaccord Genuity’s price objective indicates a potential upside of 0.54% from the company’s current price.
Shares of Augusta Resource Corp. (TSE:AZC) traded up 1.10% during mid-day trading on Wednesday, hitting $3.68. The stock had a trading volume of 1,456,354 shares. Augusta Resource Corp. has a 52-week low of $0.48 and a 52-week high of $3.81. The stock has a 50-day moving average of $3.19 and a 200-day moving average of $2.89. The company’s market cap is $535.3 million.
AZC has been the subject of a number of other recent research reports. Analysts at CIBC downgraded shares of Augusta Resource Corp. from an “outperform” rating to a “sector perform” rating in a research note on Thursday, June 26th. They now have a C$3.56 price target on the stock, down previously from C$4.75. Separately, analysts at NBF reiterated an “outperform” rating on shares of Augusta Resource Corp. in a research note on Tuesday, June 24th. Finally, analysts at National Bank Financial downgraded shares of Augusta Resource Corp. from an “outperform” rating to a “tender” rating in a research note on Tuesday, June 24th. They now have a C$3.45 price target on the stock, down previously from C$4.10. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of C$3.47.
Augusta Resource Corporation (TSE:AZC) is engaged in the acquisition, exploration and development of natural mineral resource properties.
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