AuRico Metals Inc. (AMI) Downgraded to Tender at National Bank Financial
AuRico Metals Inc. (TSE:AMI) was downgraded by stock analysts at National Bank Financial from an “outperform” rating to a “tender” rating in a report released on Tuesday. They currently have a C$1.80 price target on the stock. National Bank Financial’s price target suggests a potential upside of 1.69% from the stock’s current price.
Shares of AuRico Metals (TSE AMI) traded up C$0.47 during mid-day trading on Tuesday, hitting C$1.77. 26,260,000 shares of the stock were exchanged, compared to its average volume of 221,402. AuRico Metals has a twelve month low of C$0.82 and a twelve month high of C$1.79.
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AuRico Metals Company Profile
AuRico Metals Inc operates as a mining development and royalty company in Canada and Australia. It owns 100% interest in the Kemess property, a gold-copper project located in British Columbia, Canada. The company also has 1.5% net smelter return (NSR) royalty interest on the Young-Davidson mine, 0.25% NSR royalty on the Williams mine, 0.5% NSR royalty on the Eagle River mine, 0.98% NSR royalty on the GJ project, and 1% NSR royalty on various early stage properties in the Red Lake district, Canada; and 2% NSR royalty on the Fosterville mine and 1% NSR royalty on the Stawell mine located in Victoria, Australia.
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