Dallas, Texas 07/17/2013 (Financialstrend) – AuRico Gold, Inc. (NYSE:AUQ) announced its preliminary second quarter operational results yesterday, expenses and production at both operations of the companies remain parallel with that of estimation. Production continues to exceed the target at Young-Davidson mine. Board of Directors of AuRico Gold, Inc. last month announced the quarterly dividend of $0.04 per share which is payable on July 29, 2013 to the shareholders of the company. They also approved dividend reinvestment plan introduction which will provide a effective way to buy additional shares by dividend reinvestment. Shareholders those who are elected can participate in the plan however participation in this dividend reinvestment plan is only optional to the shareholders of the company.
At the end of last month, Alan Edwards was appointed by AuRico Gold, Inc. as the non-executive chairman of the Board. Previously, Edwards served as chairman of the Sustainability Committee and independent director of the company. Recently, targets of AuRico Gold, Inc. were lowered by stock analyst in Credit Suisse; they also rated the stock as neutral. Raymond James gave “markets perform” rating to the stock of AuRico Gold, Inc. Meanwhile the shares were upgraded from hold to buy rating by analysts at Desjardins. In addition these four researchers gave hold rating and one rated to buy.
Shares of AuRico Gold, Inc. opened at $4.72 per share on Tuesday and thereafter increased by 2.56% to close at $4.81 for the day. There had been intraday price movements in the stock within the range of $4.72 as low price to $4.88 as high price. AuRico Gold, Inc. has 52 week low at $4.01 and 52 week high at $8.53 per share. The company has 246.86 million shares outstanding in the market which gives it a market cap of $1.19 billion and there is institutional ownership in the capital at 51% of the stock. AuRico Gold, Inc. witnessed the trade of 4.41 million shares on Tuesday, while the average level is at 2.55 million shares per day.