H.C. Wainwright analyst Heiko Ihle reiterated a Buy rating on Auryn Resources Inc (AUG) today and set a price target of $2.10. The company’s shares closed last Monday at $1.41.
Ihle observed:
“We maintain our Buy recommendation and our price target $2.10 per share. Our valuation remains based on an unchanged in situ valuation of the firm’s resources of $129.7M.”
According to TipRanks.com, Ihle is a 4-star analyst with an average return of 4.7% and a 48.0% success rate. Ihle covers the Basic Materials sector, focusing on stocks such as Solitario Exploration & Royalty, Americas Silver Corporation, and Golden Star Resources Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Auryn Resources Inc with a $2.10 average price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $1.84 and a one-year low of $0.85. Currently, Auryn Resources Inc has an average volume of 142.8K.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Auryn Resources, Inc. is an exploration company. It focuses on the acquisition, exploration and development of mineral resource properties. The firm holds interest in Committee Bay, Gibson MacQuoid and Homestake Ridge projects. The company was founded on June 9, 2008 and is headquartered in Vancouver, Canada.
