AuRico Gold Inc. (AUQ) is a Gold Mining company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well. These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AUQ’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that AuRico Gold could be a solid choice for investors.
Current Quarter Estimates for AUQ
In the past 30 days, 1 estimate has gone higher for AuRico Gold with no downward revision in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 6 cents per share 30 days ago, to a loss of 4 cents a share today, a move of 33.3%. Current Year Estimates for AUQ
Meanwhile, AuRico Gold’s current year figures have seen 1 estimate moving higher in the past month, compared to 1 downward revision. However, the consensus estimate trend has seen a boost for this time frame, narrowing from a loss of 16 cents a share 30 days ago to a loss of 14 cents per share today, an increase of 12.5%. Bottom Line
The stock has also started to move higher lately, adding 9.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.
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AURICO GOLD INC (AUQ): Free Stock Analysis Report
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