Short Interest in Augusta Resource Corp. Decreases By 53.2% (AZC)
Shares of Augusta Resource Corp. (NYSE:AZC) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 961,069 shares, a decline of 53.2% from the July 15th total of 2,053,653 shares, StockRatingsNetwork.com reports. Currently, 1.7% of the company’s stock are short sold. Based on an average daily volume of 164,989 shares, the days-to-cover ratio is currently 5.8 days.
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, 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 analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $4.65.
Augusta Resource Corp. (NYSE:AZC) opened at 3.55 on Tuesday. Augusta Resource Corp. has a 52-week low of $0.45 and a 52-week high of $3.82. The stock has a 50-day moving average of $3.45 and a 200-day moving average of $2.98. The company’s market cap is $516.4 million.
Augusta Resource Corporation (NYSE:AZC) is engaged in the acquisition, exploration and development of natural mineral resource properties.
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