Dundee Says AuRico Shares Remain Fully Valued Despite Recent Sell-Off

Dundee Securities' Joe Fazzini issued a concerning research note on shares of AuRico Gold

Tuesday. The stock is continuing lower once again this afternoon, down more than 3 percent to $4.82 at last check. Despite a more than 23 percent decline over the last week, Fazzini said he still believes shares of AuRico are fully valued. Fazzini noted the stock currently trades at a substantial premium based on PE, price to cash flow per share compared to peers in the gold group. Dundee maintains a Neutral rating on shares of AuRico.