Zacks Investment Research lowered shares of Auryn Resources (NYSEAMERICAN:AUG) from a hold rating to a sell rating in a report issued 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 reiterated a buy rating on shares of Auryn Resources in a research report on Tuesday, October 31st.
An institutional investor recently bought a new position in Auryn Resources stock. U S Global Investors Inc. purchased a new position in shares of Auryn Resources Inc. (NYSEAMERICAN:AUG) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,475,000 shares of the company’s stock, valued at approximately $3,300,000. Auryn Resources makes up 1.0% of U S Global Investors Inc.’s investment portfolio, making the stock its 22nd biggest position. U S Global Investors Inc. owned approximately 1.91% of Auryn Resources at the end of the most recent reporting period.
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