Auryn Resources (AUG) Upgraded by Zacks Investment Research to “Hold”

Auryn Resources (NYSEAMERICAN:AUG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Auryn Resources Inc. is a mining exploration, acquisition and development company. Its project primarily includes the Committee Bay and Gibson MacQuoid gold projects located in Nunavut, the Homestake Ridge gold project in British Columbia and a portfolio of gold projects in southern Peru, through Corisur Peru SAC. Auryn Resources Inc. is based in Vancouver, Canada. “

Separately, Roth Capital reaffirmed a “buy” rating on shares of Auryn Resources in a report on Tuesday, October 31st.

Auryn Resources (NYSEAMERICAN AUG) traded down $0.05 on Tuesday, reaching $1.46. The company had a trading volume of 35,216 shares, compared to its average volume of 121,974. Auryn Resources has a 1 year low of $1.29 and a 1 year high of $3.00. The firm has a market cap of $117.99 and a PE ratio of -73.00.

A hedge fund recently bought a new stake in Auryn Resources stock. U S Global Investors Inc. bought a new stake in Auryn Resources Inc. (NYSEAMERICAN:AUG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,475,000 shares of the company’s stock, valued at approximately $3,300,000. Auryn Resources comprises 1.0% of U S Global Investors Inc.’s investment portfolio, making the stock its 22nd largest position. U S Global Investors Inc. owned 1.91% of Auryn Resources at the end of the most recent quarter.

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