This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

7 Mining Stocks Analysts Expect to Soar

5. Augusta Resource (AZC) acquires, explores and develops natural mineral resource properties. The company's material property is the Rosemont copper property located in Arizona. Primarily a copper mining project, the Rosemont property also has appreciable amounts of molybdenum and silver by-products. Rosemont is expected to produce 221 million pounds of copper per year, accounting for almost 10% of U.S. copper output.

Canada-based base metals miner, Hudbay Minerals, has raised its stake in Augusta Resource to 14.3% through the purchase of 5.4 million shares for $21.9 million. Overall, Hudbay now holds 20.2 million shares of Augusta from the earlier 14.8 million. The acquisition was mainly to fund Augusta to develop its Rosemont copper-molybdenum project.

A Toronto-based firm is reportedly raising its investment in Rosemont mine to $51 million from the earlier $30 million. Silver Wheaton paid Augusta $230 million to acquire 100% of the life of mine silver and gold production from Augusta's Rosemont copper project in Arizona, which increased attributable reserves of Silver Wheaton by approximately 7%.

All six analysts covering the stock rate it a buy. Analysts polled by Bloomberg foresee it gaining an average of 36%, to $6.79, in the coming 12 months.

4 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
AZC $2.95 -5.75%
NG $3.76 0.00%
PLM $1.17 0.00%
SA $6.31 0.00%
TGB $0.88 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs