Scotia Capital Has Sector Outperform on AuRico Gold

Scotia Capital is out with a research report on AuRico Gold Inc.

and it has a Sector Outperform rating and a $16 price target. In a note to clients, Scotia Capital writes, "AuRico pre-reported gold equivalent production of 76,600 oz at a total cash cost of $487/oz. Sales for the quarter totalled 65,400 oz Au eq., as 15% of production was held in inventory." Shares of AUQ are up 6 cents to $10.96.