TD Securities Downgrades Augusta Resource (AZC) to Hold; Moving to Sidelines
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Price: $2.95 --0%
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
Rating Summary:
1 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 9
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TD Securities downgraded Augusta Resource (NYSE: AZC) from Speculative Buy to Hold, price target from C$4.25 to C$3.75.
Analyst, Craig Miller, said, "We are taking a more conservative stance towards the Company during the permitting process for the Rosemont Cu-Mo project in Arizona. Based on permitting concerns, we have pushed out the start-up of operations by one year: production from the SX-EW plant to Q1/15 (previously Q1/14) and from the concentrator to Q3/15 (previously Q3/14)."
For an analyst ratings summary and ratings history on Augusta Resource click here. For more ratings news on Augusta Resource click here.
Shares of Augusta Resource closed at $2.56 yesterday.
Analyst, Craig Miller, said, "We are taking a more conservative stance towards the Company during the permitting process for the Rosemont Cu-Mo project in Arizona. Based on permitting concerns, we have pushed out the start-up of operations by one year: production from the SX-EW plant to Q1/15 (previously Q1/14) and from the concentrator to Q3/15 (previously Q3/14)."
For an analyst ratings summary and ratings history on Augusta Resource click here. For more ratings news on Augusta Resource click here.
Shares of Augusta Resource closed at $2.56 yesterday.
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