Zacks Investment Research upgraded shares of Auryn Resources (NYSEAMERICAN:AUG) from a strong sell rating to a hold rating in a research report released on Monday.
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. “
Several other brokerages have also issued reports on AUG. HC Wainwright set a $2.00 price objective on shares of Auryn Resources and gave the company a buy rating in a report on Tuesday, October 16th. Beacon Securities reiterated a speculative buy rating on shares of Auryn Resources in a research note on Monday, October 1st.
Shares of AUG opened at $0.97 on Monday. Auryn Resources has a 12-month low of $0.87 and a 12-month high of $2.00.
A hedge fund recently raised its stake in Auryn Resources stock. U S Global Investors Inc grew its holdings in shares of Auryn Resources Inc (NYSEAMERICAN:AUG) by 20.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,500,000 shares of the company’s stock after purchasing an additional 250,000 shares during the period. U S Global Investors Inc owned about 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.
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