Shares of AuRico Metals Inc. (TSE:AMI) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$1.80 and last traded at C$1.79, with a volume of 142313 shares. The stock had previously closed at C$1.79.
Separately, National Bank Financial cut AuRico Metals from an “outperform” rating to a “tender” rating and set a C$1.80 target price on the stock. in a research note on Tuesday, November 7th.
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AuRico Metals Company Profile
AuRico Metals Inc operates as a mining development and royalty company in Canada and Australia. It owns 100% interest in the Kemess property, a gold-copper project located in British Columbia, Canada. The company also has 1.5% net smelter return (NSR) royalty interest on the Young-Davidson mine, 0.25% NSR royalty on the Williams mine, 0.5% NSR royalty on the Eagle River mine, 0.98% NSR royalty on the GJ project, and 1% NSR royalty on various early stage properties in the Red Lake district, Canada; and 2% NSR royalty on the Fosterville mine and 1% NSR royalty on the Stawell mine located in Victoria, Australia.
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