Augusta Resource Corp. Given Consensus Recommendation of “Hold” by Analysts (TSE:AZC)
Shares of Augusta Resource Corp. (TSE:AZC) have earned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, Stock Ratings News reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$3.53.
A number of research firms have recently commented on AZC. Analysts at Laurentian raised their price target on shares of Augusta Resource Corp. from C$3.60 to C$4.00 in a research note on Tuesday, July 29th. They now have a “tender” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Augusta Resource Corp. to C$3.70 in a research note on Wednesday, July 9th. Finally, 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.
Shares of Augusta Resource Corp. (TSE:AZC) remained flat at $3.82 during during mid-day trading trading on Thursday. 94,682 shares of the company’s stock traded hands. Augusta Resource Corp. has a one year low of $0.48 and a one year high of $4.18. The stock has a 50-day moving average of $3.75 and a 200-day moving average of $3.2. The company’s market cap is $555.6 million.
Augusta Resource Corporation (TSE:AZC) is engaged in the acquisition, exploration and development of natural mineral resource properties.
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