Auryn Resources (AUG) Upgraded to “Buy” at Zacks Investment Research

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Auryn Resources (NYSEAMERICAN:AUG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The brokerage currently has a $1.25 price target on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 1.63% from the stock’s previous close.

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. “

Other equities research analysts also recently issued research reports about the company. Roth Capital restated a “buy” rating on shares of Auryn Resources in a research report on Wednesday, February 20th. HC Wainwright reiterated a “buy” rating and issued a $1.60 price objective on shares of Auryn Resources in a research report on Thursday, February 14th.

Shares of NYSEAMERICAN:AUG traded up $0.02 during trading on Tuesday, hitting $1.23. 149,030 shares of the company were exchanged, compared to its average volume of 115,123. Auryn Resources has a 52-week low of $0.85 and a 52-week high of $1.56.

A hedge fund recently raised its stake in Auryn Resources stock. U S Global Investors Inc increased its holdings in Auryn Resources Inc (NYSEAMERICAN:AUG) by 20.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,500,000 shares of the company’s stock after buying an additional 250,000 shares during the period. U S Global Investors Inc owned 1.66% of Auryn Resources worth $1,604,000 as of its most recent SEC filing.

About Auryn Resources

Auryn Resources Inc, a junior mining exploration company, engages in the acquisition, exploration, and development of mineral resource properties. Its principal mineral properties are the Committee Bay gold project located in Nunavut, Canada and the Homestake Ridge project located within the Iskut-Stewart-Kitsault belt, in northwestern British Columbia.

Further Reading: Economic Reports

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