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 (NYSE: AUQ) 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.
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