Zacks Investment Research upgraded shares of Auryn Resources (NYSEAMERICAN:AUG) from a sell rating to a hold rating in a report published on Tuesday.

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 reaffirmed a buy rating on shares of Auryn Resources in a research note on Tuesday, October 31st.

Auryn Resources (AUG) opened at $1.46 on Tuesday. Auryn Resources has a 52 week low of $1.29 and a 52 week high of $3.00. The company has a market cap of $117.99 and a PE ratio of -73.00.

A hedge fund recently bought a new stake in Auryn Resources stock. U S Global Investors Inc. acquired a new stake in shares of Auryn Resources Inc. (NYSEAMERICAN:AUG) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,475,000 shares of the company’s stock, valued at approximately $3,300,000. Auryn Resources makes up 1.0% of U S Global Investors Inc.’s holdings, making the stock its 22nd biggest position. U S Global Investors Inc. owned approximately 1.91% of Auryn Resources as of its most recent SEC filing.

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