Augusta Resource Corp. Sets New 12-Month High at $3.82 (AZC)
Augusta Resource Corp. (NYSE:AZC)’s share price hit a new 52-week high during mid-day trading on Friday , American Banking News.com reports. The stock traded as high as $3.82 and last traded at $3.66, with a volume of 49,069 shares trading hands. The stock had previously closed at $3.74.
A number of research firms have recently commented on AZC. Analysts at National Bank Financial downgraded shares of Augusta Resource Corp. to a “tender” rating in a research note on Tuesday, June 24th. Analysts at Canaccord Genuity downgraded shares of Augusta Resource Corp. to a “hold” rating in a research note on Tuesday, June 24th. Two investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $4.65.
The stock’s 50-day moving average is $3.30 and its 200-day moving average is $2.86. The company’s market cap is $528.0 million. Augusta Resource Corp. also was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 2,053,653 shares, an increase of 1.6% from the June 30th total of 2,087,436 shares. Based on an average daily trading volume, of 694,065 shares, the days-to-cover ratio is currently 3.0 days. Approximately 3.6% of the shares of the company are short sold.
Augusta Resource Corporation (NYSE:AZC) is engaged in the acquisition, exploration and development of natural mineral resource properties.
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