Auryn Resources (AUG) Given a $2.00 Price Target at HC Wainwright

Auryn Resources (NYSEAMERICAN:AUG) has been assigned a $2.00 price objective by stock analysts at HC Wainwright in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. HC Wainwright’s price objective would suggest a potential upside of 90.48% from the company’s previous close.

Separately, Zacks Investment Research lowered Auryn Resources from a “buy” rating to a “hold” rating in a research note on Monday, June 4th.

Shares of NYSEAMERICAN:AUG traded down $0.02 during trading on Thursday, hitting $1.05. The company had a trading volume of 100 shares, compared to its average volume of 92,793. Auryn Resources has a one year low of $0.97 and a one year high of $2.32.

A hedge fund recently bought a new stake in Auryn Resources stock. CVI Holdings LLC purchased a new position in shares of Auryn Resources Inc (NYSEAMERICAN:AUG) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,124,759 shares of the company’s stock, valued at approximately $1,480,000. Auryn Resources comprises approximately 2.0% of CVI Holdings LLC’s portfolio, making the stock its 15th largest holding. CVI Holdings LLC owned about 1.31% of Auryn Resources at the end of the most recent quarter.

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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