Augusta Resource Corp. Receives Average Recommendation of “Hold” from Analysts (TSE:AZC)
Augusta Resource Corp. (TSE:AZC) has been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the company, Stock Ratings Network.com reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$3.53.
AZC has been the subject of a number of recent research reports. 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.
Augusta Resource Corp. (TSE:AZC) opened at 3.76 on Thursday. 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 $3.77 and a 200-day moving average of $3.30. The company’s market cap is $546.9 million.
Augusta Resource Corporation (TSE:AZC) is engaged in the acquisition, exploration and development of natural mineral resource properties.