Equities research analysts at Scotiabank initiated coverage on shares of Augusta Resource Corp (NYSE: AZC) in a research note issued to investors on Thursday, AnalystRatingsNetwork reports. The firm set a “sector outperform” rating and a $4.50 price target on the stock. Scotiabank’s price objective would indicate a potential upside of 108.33% from the company’s current price.
A number of other analysts have also recently weighed in on AZC. Analysts at Jennings Capital initiated coverage on shares of Augusta Resource Corp in a research note to investors on Tuesday, June 11th. They set a “speculative buy” rating on the stock. Analysts at CIBC cut their price target on shares of Augusta Resource Corp from $5.50 to $4.90 in a research note to investors on Thursday, April 18th.
One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $5.03.
Augusta Resource Corp (NYSE: AZC) opened at 2.16 on Thursday. Augusta Resource Corp has a 1-year low of $1.60 and a 1-year high of $3.13. The stock’s 50-day moving average is currently $2.28. The company’s market cap is $311.8 million.
Augusta Resource Corporation (NYSE: AZC) is engaged in the acquisition, exploration and development of natural mineral resource properties.