Zacks Investment Research upgraded shares of Auryn Resources (NYSEAMERICAN:AUG) from a hold rating to a strong-buy rating in a research report report published on Monday morning, Zacks.com reports. They currently have $2.00 target price on the stock.

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. “

NYSEAMERICAN AUG opened at $1.65 on Monday. Auryn Resources has a fifty-two week low of $0.85 and a fifty-two week high of $1.84.

Auryn Resources (NYSEAMERICAN:AUG) last posted its earnings results on Wednesday, May 15th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03.

A hedge fund recently raised its stake in Auryn Resources stock. Ingalls & Snyder LLC grew its stake in shares of Auryn Resources Inc (NYSEAMERICAN:AUG) by 0.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,610,000 shares of the company’s stock after buying an additional 15,000 shares during the quarter. Ingalls & Snyder LLC owned approximately 3.82% of Auryn Resources worth $5,328,000 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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