Canaccord Genuity upgraded shares of AuRico Gold (AUQ) from a hold rating to a buy rating. Canaccord Genuity now has a $9.50 price target on the stock. They wrote, "We are upgrading AuRico Gold to BUY from Hold following the announced sale of the Ocampo mine, the adjacent Venus and Los Jarros exploration projects, and a 50% stake in the Orion project to Minera Frisco, S.A.B. de C.V. for a total cash consideration of US$750 million. We estimate a 5%/NPV (spot gold/silver) for the above assets of approximately $1 billion, as a result of which the transaction implies a P/NAV multiple of 0.75x. We consider this an attractive valuation in light of AUQ's trading multiple of only 0.63x P/NAV (prior to the transaction) and the junior producer average of 0.68x."