AuRico Gold Given New C$5.50 Price Target at RBC Capital (AUQ)
Analysts at RBC Capital dropped their price target on shares of AuRico Gold (TSE:AUQ) from C$6.00 to C$5.50 in a research report issued to clients and investors on Wednesday. RBC Capital’s price target would indicate a potential upside of 20.09% from the stock’s previous close.
AuRico Gold (TSE:AUQ) traded up 1.78% on Wednesday, hitting $4.58. 531,210 shares of the company’s stock traded hands. AuRico Gold has a 52 week low of $3.56 and a 52 week high of $5.91. The stock’s 50-day moving average is $4.27 and its 200-day moving average is $4.72. The company’s market cap is $1.136 billion.
AuRico Gold (TSE:AUQ) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.02.
A number of other analysts have also recently weighed in on AUQ. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of AuRico Gold in a research note on Friday, May 9th. They now have a C$5.50 price target on the stock, down previously from C$6.00. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of AuRico Gold in a research note on Wednesday, April 23rd. Finally, analysts at Dundee Securities cut their price target on shares of AuRico Gold from C$5.75 to C$5.50 in a research note on Wednesday, April 23rd. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. AuRico Gold has an average rating of “Hold” and a consensus target price of C$5.45.
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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