Auryn Resources (NYSEAMERICAN:AUG) Stock Rating Lowered by Zacks Investment Research

Auryn Resources (NYSEAMERICAN:AUG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday, Zacks.com reports.

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. “

AUG has been the topic of a number of other reports. HC Wainwright reissued a “buy” rating and set a $2.00 price target on shares of Auryn Resources in a research report on Thursday, May 21st. Roth Capital reissued a “buy” rating on shares of Auryn Resources in a research report on Thursday, April 16th.

Auryn Resources stock opened at $1.23 on Monday. Auryn Resources has a 1-year low of $0.71 and a 1-year high of $1.84.

Auryn Resources (NYSEAMERICAN:AUG) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01).

Institutional investors and hedge funds have recently bought and sold shares of the company. Invesco Ltd. grew its stake in Auryn Resources by 90.7% during the first quarter. Invesco Ltd. now owns 2,060,000 shares of the company’s stock valued at $1,936,000 after acquiring an additional 980,000 shares in the last quarter. Van ECK Associates Corp grew its stake in Auryn Resources by 13.1% during the fourth quarter. Van ECK Associates Corp now owns 1,299,060 shares of the company’s stock valued at $1,875,000 after acquiring an additional 150,969 shares in the last quarter. Finally, Morgan Stanley grew its stake in Auryn Resources by 301.7% during the first quarter. Morgan Stanley now owns 69,900 shares of the company’s stock valued at $66,000 after acquiring an additional 52,500 shares in the last quarter.

Auryn Resources Company Profile

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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