Zacks Investment Research upgraded shares of Auryn Resources (NYSEAMERICAN:AUG) from a sell rating to a hold rating in a research note released on Tuesday morning.
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 initiated coverage on shares of Auryn Resources in a research report on Tuesday, October 31st. They set a buy rating and a $3.00 price objective on the stock.
Shares of Auryn Resources (NYSEAMERICAN:AUG) opened at $1.46 on Tuesday. The company has a market cap of $117.99 and a price-to-earnings ratio of -73.00. Auryn Resources has a 52-week low of $1.29 and a 52-week high of $3.00.
A hedge fund recently raised its stake in Auryn Resources stock. Ingalls & Snyder LLC grew its holdings in Auryn Resources Inc. (NYSEAMERICAN:AUG) by 146.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,905,000 shares of the company’s stock after buying an additional 1,725,000 shares during the period. Ingalls & Snyder LLC owned approximately 3.70% of Auryn Resources worth $4,783,000 as of its most recent filing with the Securities & Exchange Commission.
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