Referenced Stocks

Analyst Actions: AuRico Gold Downgraded at BMO; Shares Drop 4%

By Midnight Trader,  December 18, 2012, 02:01:36 PM EDT

AuRico Gold Inc. ( AUQ ) was downgraded by analysts at BMO Capital Markets to Market Perform from Outperform. The firm currently has $9.50 target price on the stock, up from the previous target price of $9.

The analysts note that AUQ currently trades at a premium to the BMO Research mid-tier gold stocks, and said that the company's recent sale of Ocampo, for which the application of the proceeds are allocated reduce debt and buy back shares, de-risks the company profile while increasing the importance of a successful ramp-up of Young-Davidson.

AUQ is down 4.4% to $8.03, trading in a 52-week range of $5.25 - $10.35. Shares have fallen 11% in the last 12 months.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: AUQ



Latest News Video

Did An Oversized Truck Cause The Bridge Collapse?
Did An Oversized Truck Cause The Br...
Department Of Transportation Reacts To Collapse
Department Of Transportation Reacts...
Cash Donations Help Relief Groups the Most
Cash Donations Help Relief Groups t...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.21 0.10  0.75%
HPQ $ 24.86 3.63  17.10%
SIRI $ 3.545 0.01  0.28%
MU $ 11.39 0.47  4.30%
MSFT $ 34.15 0.46  1.33%
F $ 14.81 0.16  1.07%
QQQ $ 73.45 0.17  0.23%
GE $ 23.66 0.20  0.84%