VANCOUVER, CANADA / ACCESSWIRE / January 17, 2020 / Auryn Resources Inc. (TSX: AUG)(NYSE American: AUG) ("Auryn" or the "Company") is pleased to announce it has identified the age of ...

VANCOUVER, CANADA / ACCESSWIRE / March 19, 2020 / Auryn Resources Inc. (AUG), (NYSE American: AUG) ("Auryn" or the "Company") reports that it has filed its 2019 annual report on Form 40-F with the United States Securities and Exchange Commission. The Form 40-F includes Auryn's annual information form, management discussion and analysis and audited financial statements for the year ended December 31st, 2019. As required by Section 610(b) of the NYSE American Company Guide, the Company notes that the audit report from its independent registered public accounting firm included a going concern emphasis of matter that was attributable to the Company's working capital and accumulated deficits as at December 31st, 2019.

VANCOUVER, CANADA / ACCESSWIRE / February 28, 2020 / Auryn Resources Inc. (TSX:AUG)(NYSE American:AUG) ("Auryn" or the "Company") is pleased to announce results from its recent mapping ...

Stocks are on the rise, but why? The glum results of earnings season have not caused another panic – rather, investors seem to be taking them in stride as ‘baked in’ to the current financial situation. The indexes are generally holding steady, at resistance levels Wall Street had predicted two weeks ago. And this brings up the questions, How long will this last? and What will happen next? Weighing in from Morgan Stanley, chief US equity strategist Michael Wilson believes that stocks hit their true bottom on March 23. In his view, the coronavirus and the collapse in oil markets simply marked the end of the last US market expansionary cycle, and that the current rally has potential to develop into a true recovery. The relatively flat trading of the last few weeks is, in Wilson’s opinion, the market’s first break after a “torrid 35% rally from the lows.” Wilson cites several factors in support of his stance. In particular, he notes that stock markets typically lead an economic recovery by as much as two quarter – and that economists are predicting a general recovery to begin in 2H20. If they are correct, then the March 23 market trough and current rally would fit that pattern. Wilson also points to the enormous support and stimulus being offered by central banks and governments as a move that will benefit the equity markets. As a first step toward the next bull run, Wilson has advised his clients to buy into small-cap stocks. These companies typically fly under-the-radar, getting less notice from Wall Street – a quirk that sometimes helps them weather storms. We’ve taken Wilson’s advice as part of a profile, and used the TipRanks database to pull up three micro-cap penny stock companies with super-low entry costs (a dollar per share or less) and huge upside potential (greater than 90% in the year to come). Here are the details. Great Panther Silver (GPL) The first stock on our list is mining company Great Panther Silver. Most of Great Panther’s operations are located in Mexico, but the company also has an active mine in Brazil and exploration operations in Peru. The company focuses on gold and silver production. Great Panther has been in a time of transition, with a new CEO and top management team. Overall production has taken a hit from the COVID-19 pandemic. GPL reported that two workers at its Brazilian mine are confirmed to have the disease, and while they are now quarantined, the site’s mining operations remain at full capacity. In Mexico, production was halted through April 30 on orders from the Mexican government, and that order has since been extended to May 30. The Mexican Topia mine, located in a locality that has not experienced any coronavirus cases, may be able to reopen early, on May 18. Great Panther’s Peruvian operation is on hold until July. Despite the setbacks in production caused by the pandemic, Great Panther reported a 134% year-over-year increase in Q1 gold production, with output reaching 35,000 gold equivalent ounces. Silver production reached 393,000 equivalent ounces, for an 11% year-over-year increase. The high production complements a strong cash position – GPL reported $37 million in cash on hand at the end of 2019. The production numbers and cash position are welcome news, and reflect well on the new management team. Reviewing this stock for Cantor Fitzgerald, analyst Matthew O’Keefe sees a clear path forward, based on fine exploration opportunities. “We continue to highlight exploration as a key upside for the Company. Exploration expenditures of approximately $7 … are primarily focused on near mine drilling activities intended to replace gold ounces mined in 2020. These activities are ongoing, and we expect that a significant amount of the drilling to be completed by the end of Q3/20. We continue to see excellent potential here,” he commented. O’Keefe puts a Buy rating on GPL, along with a $1.10 price target that indicates 134% upside potential. (To watch O’Keefe’s track record, click here) The Wall Street analyst corps clearly agrees with O’Keefe on GPL’s potential. The stock gets a Strong Buy rating from the analyst consensus, and it is unanimous, based on 3 recent Buy reviews. GPL is a penny stock, and sells for only 47 cents per share. The average price target is slightly more bullish than O’Keefe’s, at $1.15 per share, and it suggests an upside potential of 145% for the next 12 months. (See Great Panther Silver price targets and analyst ratings on TipRanks) Westport Fuel Systems, Inc. (WPRT) Next on our list is a company involved in clean transportation technology. Westport engineers and produces natural gas engines, along with fuel system components for passenger cars and on- and off-road commercial vehicles. The company is a leader in high pressure direct injection (HPDI) technology. The coronavirus pandemic was hard on Westport in Q1. The company’s Italian manufacturing facility was forced to shut down, and only resumed operations on May 4. Looking ahead, the company is expected to report a Q1 net loss of 5 cents per share come June. On positive note, Westport faces these difficulties after a year of growing revenues and earnings in 2019, culminating in Q4’s break-even EPS – much better than the 1-cent loss predicted, and far better than the year-ago quarter’s 8-cent loss. Revenues were up 23% year-over-year in Q4, and reached $74.3 million. 5-star analyst Colin Rusch, of Oppenheimer, is optimistic that WPRT can weather this storm. He writes, “We believe the company is being prudent in declining to provide guidance given the clear uncertainty around the coronavirus containment efforts, particularly in Europe... We believe working capital management will be critical for WPRT as it navigates lower volumes for a period of time along with compressed margins. We remain constructive despite near-term headwinds.” Rusch’s comments support his Buy rating on this stock. He gives WPRT shares a $3 price target, which indicates confidence – and a 209% upside potential for next 12 months. (To watch Rusch’s track record, click here) Craig-Hallum’s Eric Stine is even more bullish on WPRT. The four-star analyst points out that the company will receive support from governments in Europe and Canada, and goes on to outline why the company has a strong future ahead. “With the shift to alternative fuels driven by straightforward economics and the competitive advantage gained, we believe that Westport Fuel Systems is at very early stages of a meaningful growth ramp,” he explained. Stine places a $5 price target on this stock, to support his Buy rating. His target implies a whopping one-year upside potential of 415%. (To watch Stine’s track record, click here) Westport Fuel is another company with a unanimous Strong Buy analyst consensus view. The rating is based on 3 Buy reviews set recently, and comes with an average price target of $3.33. This suggests room for an impressive 242% upside potential. (See Westport stock analysis on TipRanks)Auryn Resources, Inc. (AUG) Our last stock is another mining company, operating in the Canadian North as well as in Peru. Auryn focuses on producing copper and high-grade gold. Working in the Arctic or the Peruvian mountains entails high overhead, and AUG operates at a net loss – but the loss has been narrowing steadily since 2H18. Even taking coronavirus disruptions into account, AUG is expected to show a further reduction in the net loss per share for Q1 2020. In additional good news, Auryn enhanced its financial position at the end of 2019, securing C$10.1 million ($7.22 million US) in funding by closing its private placing offering. The sale closed just as Auryn also improved its interest rates on existing loans. These improvements to the balance sheet gave the company a firm footing just before the disruptions caused by COVID-19 occurred. And finally, Auryn has also released the Preliminary Economic Assessment of the Canadian Homestake Ridge project. This assessment shows that the property has the potential to become a profitable, high-grade, small-footprint underground gold mine. The company estimates the new mine will produce up to 88,660 gold equivalent ounces when it reaches peak production, three years after opening, and will have a production lifetime of 13 years. Joseph Reagor, 4-star analyst with Roth Capital, sees Auryn as a solid stock to buy, and bases his recommendation on the high potential of the Homestake mine. Ironically, Reagor believes the company can secure maximum value by not directly operating this asset: “We believe that AUG is likely to either sell Homestake or spin it out and merge it with a junior producer. Each of these outcomes would likely result in a premium valuation…” Reagor places a Buy rating on AUG shares, and his $3.25 price target suggests an upside potential of 190%. (To watch Reagor’s track record, click here) With a Strong Buy analyst consensus rating, based on 3 Buy reviews, it’s clear that Wall Street is in agreement with Reagor about this stock’s potential. The Street is a bit more cautious, however; the average price target on this stock is $2.11, which implies an upside potential of 88% from the current share price of $1.12. (See Auryn Resources price targets and analyst ratings on TipRanks)

VANCOUVER, CANADA / ACCESSWIRE / March 18, 2020 / Auryn Resources Inc. (AUG)(NYSE American:AUG) ("Auryn" or the "Company") provides an update in response to concerns surrounding COVID-19 and how it may impact exploration efforts in Peru and Canada. Auryn has offered all employees at its corporate offices in Vancouver and Edmonton the option to work from home. Auryn recalled all personnel from the field prior to the Peruvian government mandating a temporary two-week border lockdown.

VANCOUVER, CANADA / ACCESSWIRE / February 24, 2020 / Auryn Resources Inc. (AUG)(NYSE American:AUG) ("Auryn" or the "Company") is pleased to announce that it will be hosting an event at the Fairmont Royal York in Toronto on Monday, March 2nd at 4:00pm. The agenda will include a presentation from the Company's executive chairman, Ivan Bebek, and chief geologist, Michael Henrichsen, with a focus on Auryn's evolving Curibaya project in Peru and upcoming catalysts for 2020. This will be followed by a reception attended by other executives and geologists from the Company.

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VANCOUVER, CANADA / ACCESSWIRE / February 10, 2020 / Auryn Resources Inc. (AUG)(NYSE American:AUG) ("Auryn" or the "Company") is pleased to announce that it has received its environmental permit, the Declaración de Impacto Ambiental ("DIA"), from the Peruvian Ministry of Energy and Mines for its Sombrero copper-gold project in Southern Peru. The DIA covers an area of 1,031 hectares and allows the Company to drill up to 33 holes from 23 platforms on the Ccascabamba Sombrero Main target area, where Auryn has completed the majority of its work to-date within the 130,000 hectare land package (Figure 1).

The placement will consist of approximately 6.3 million common shares (the "Shares") priced at CAD$1.60 per Share to be issued to accredited investors in Canada and overseas. In conjunction with the equity placement, the Company has agreed with the lender under a September 2019 bridge loan (see September 13, 2019 news release) to amend the loan to add mutual conversion rights of the loan into common shares. The loan terms will provide the lender with a convertibility right into common shares, on the $3 million that has been advanced to-date, at the placement price of $1.60, however, the lender may be required to convert if the Company's shares trade on the TSX at a price of $2.50 or more for any five consecutive trading days prior to the loan's maturity date.

Anyone researching Auryn Resources Inc. (TSE:AUG) might want to consider the historical volatility of the share price...

VANCOUVER, BC / ACCESSWIRE / April 9, 2020 / Auryn Resources Inc. (TSX:AUG, NYSE American:AUG) ("Auryn" or the "Company") is announcing that its annual general meeting (the "Meeting"), originally scheduled to be held on June 4, 2020, is being cancelled and will be rescheduled at a later date. Once the Company's board of directors has set a new meeting date, the Company will set the new record date for the Meeting and will file an amended notice of meeting and record date and its management information circular under its profile on SEDAR at www.sedar.com. The Company is following the guidelines and advice of the Public Health Agency of Canada as well as regulations from provincial and territorial governments with respect to the COVID-19 virus.

Penny stocks are controversial, to say the least. When it comes to these under $1 per share investment opportunities, Wall Street observers usually either love them or hate them. The penny stock-averse point out that while the bargain price tag is tempting, there could be a reason shares are trading at such low levels like poor fundamentals or insurmountable headwinds.However, the other side of the coin has merit as well. Naturally, with these cheap tickers, you get more bang for your buck in terms of the amount of shares. On top of this, other more expensive and well-known names aren’t as likely to produce the colossal gains that penny stocks are capable of.Given the nature of these investments, Wall Street analysts recommend doing some due diligence before pulling the trigger, noting that not all penny stocks are bound for greatness.With this in mind, we set out on own search for compelling investments that look like a steal. Using TipRanks’ Stock Screener tool, we filtered the results by current share price, analyst consensus and price target upside to track down 3 penny stocks that have amassed enough analyst support to earn a “Strong Buy” consensus rating. Adding to the good news, each pick boasts over 50% upside potential. Let’s dive in.Lineage Cell Therapeutics (LCTX)Like the name implies, this biotech uses its proprietary cell-based therapy platform to develop specialized, terminally-differentiated human cells. These cells can potentially replace or support cells that are dysfunctional or absent as a result of a degenerative disease or traumatic injury, or even help the body defend itself against cancer. On the heels of its recent data readout, one analyst argues that the $0.81 price tag is a steal.The company just released data from the Phase 1/2a study for OpRegen, its retinal pigment epithelium cell transplant for advanced dry age-related macular degeneration (dry AMD). According to the results, the therapy produced significant improvements in vision, with no unexpected complications or serious adverse events reported. Not to mention for some patients, structural improvements in the retina and decreases in drusen density have been maintained, and there is evidence of the continued presence of transplanted OpRegen cells three years after the therapy was administered.Based on this outcome, Dawson James analyst Jason Kolbert stated, “The data continues to demonstrate improvements in visual acuity, pointing to what may be a robust new therapy for Dry Age-Related Macular Degeneration.” On top of this, he believes the fact that the Orbit Subretinal Delivery System (Orbit SDS) and a new Thawand-Inject (TAI) formulation of OpRegen have already demonstrated signs of success “continues to support the use of retinal pigment epithelial (RPE) cells.”With the analyst estimating that macular degeneration is a multi-billion dollar market opportunity, he thinks OpRegen is the lead product and the performance driver for LCTX. In line with his optimistic take, Kolbert maintained a Buy rating as well as the $6 price target. This brings the potential twelve-month gain to a whopping 641%. (To watch Kolbert’s track record, click here)It turns out that the rest of the Street wholeheartedly agrees with the Dawson James analyst. With 4 Buys and no Holds or Sells, the message is clear: LCTX is a Strong Buy. The $4.25 average price target puts the upside potential below Kolbert’s forecast at 431%. (See Lineage Cell price targets and analyst ratings on TipRanks)Great Panther Mining (GPL)Intermediate gold and silver mining and exploration company Great Panther operates three mines including the Tucano Gold Mine in Amapá State, Brazil and two primary silver mines in Mexico: the Guanajuato Mine Complex and the Topia Mine as well as owns the Coricancha Mine in Peru. At only $0.60 per share, some members of the Street see an attractive entry point.Part of the excitement surrounding the company is related to its recent production beat. On January 13, GPL announced that fourth quarter 2019 consolidated production reached 146,853 gold equivalent ounces, blowing expectations out of the water. Management stated that this strong result was driven primarily by a better-than-expected quarter in Tucano, with production landing at 34,181 ounces. While Roth Capital’s Jake Sekelsky acknowledges that the company beat his conservative estimate at Tucano thanks to additional tonnage from the Urucum North and Urucum South pits, he sees the geotechnical review at the UCS pit as an inflection point for shares.Also encouraging is management’s decision to raise non-dilutive cash at the end of Q4 and early Q1 2020 via two separate transactions. “Given the company's increased cash balance, we believe the company possesses the necessary working capital to move forward with the technical review at Tucano aimed at bringing the UCS pit back into production in 2021,” Sekelsky explained. He adds that this approach also de-risks GPL.To this end, the analyst stays on the bulls’ side. Along with his bullish call, Sekelsky bumped up the price target from $0.80 to $1, implying shares could be in for a 67% gain in the next twelve months. (To watch Sekelsky’s track record, click here)What does Wall Street have to say? It has been relatively quiet when it comes to analyst activity. That being said, the two other analysts that published a review in the last three months were also bullish, making the consensus rating a unanimous Strong Buy. To top it all off, the $1.38 average price target suggests that 128% upside could be in the cards. (See Great Panther stock-price forecast on TipRanks)Auryn Resources, Inc. (AUG) The last penny stock on our list is another player in the metal mining and exploration space. Auryn currently has seven projects including two flagships: the Committee Bay high-grade gold project in Nunavut and the Sombrero copper-gold project in southern Peru. With the price per share landing at $1.27, Heiko Ihle of H.C. Wainwright tells investors to get on board before it takes off.After the company broke the news that the intrusives related to mineralization at its Sombrero project in Peru are from the same metallogenic event that previously created many of the top deposits in the Andahuaylas-Yauri belt, Ihle likes what he’s seeing. “We believe that the Sombrero project could host a world-class deposit within its 130,000-hectare land package,” he commented.Additionally, the analyst sees the Curibaya site as particularly promising. The asset’s initial sampling program delivered solid results, including 7,990 grams per tonne (gpt) silver, 17.65 gpt gold and 6.97% copper. According to Ihle, this outcome demonstrates the magnitude of precious and base metal grades at Curibaya.“As Auryn’s surficial data at Curibaya continues to line up, the firm intends on further refining its drill targets through geophysical surveys to provide the necessary resolution for subsurface drilling. Auryn plans to apply for drill permitting at the end of 1Q20 with the ultimate goal of drilling the project in 4Q20,” the analyst noted.Given that 2020 could see some important discoveries for AUG, it makes sense, then, that the analyst takes a bullish approach, leaving both a Buy rating and the $2 price target as is. Should the target be met, shares could be in for a 57% twelve-month climb. (To watch Ihle’s track record, click here)All in all, the rest of the Street has been impressed by AUG. Out of 3 total analysts, 102% see the stock as a Buy, making the Street consensus a Strong Buy. At $2.49, the average price target suggests 96% upside potential, surpassing Ihle’s estimate. (See Auryn price targets and analyst ratings on TipRanks)

VANCOUVER, BC / ACCESSWIRE / November 14, 2019 / Auryn Resources Inc. (TSX:AUG)(NYSE American:AUG) ("Auryn" or the "Company") is pleased to announce additional results from its first ...

VANCOUVER, BC / ACCESSWIRE / December 17, 2019 / Auryn Resources Inc. (AUG)(NYSE American:AUG) ("Auryn" or the "Company") is pleased to announce the appointment of Christian Rios to its operational and technical team. Mr. Rios is a professional geologist (P.Geo.) with a Masters in Economic Geology from the University of Arizona and brings nineteen years of experience in exploration, mining development and operations, specializing in Peru. Mr. Rios will be responsible for leading the operations of Auryn's exploration activities in Peru.

US$108 Million NPV 5% with IRR of 23.6% at US$1,350/oz Gold; US$670/oz gold AISC US$173 Million NPV 5% with 32% IRR at US$1,620/oz Gold US$88 Million Pre-Production Capital Expenditures VANCOUVER, ...

VANCOUVER, BC / ACCESSWIRE / May 20, 2020 / Auryn Resources Inc. (AUG.TO)(NYSE American:AUG) ("Auryn" or the "Company") is pleased to announce a significant advancement in targeting high-grade gold mineralization at the 100% owned Committee Bay gold project in Nunavut. Auryn's technical team analyzed recent and historical drill results from across the 300-kilometer greenstone belt and differentiated the geophysical conductivity responses between high-grade and low-grade mineralization. In addition, undrilled targets were identified that have both high-grade boulder and outcrop rock samples as well as conductivity responses that are consistent with observed high-grade mineralization in other areas of the belt.

VANCOUVER, BC / ACCESSWIRE / October 28, 2019 / Auryn Resources Inc. (TSX:AUG)(NYSE American:AUG) ("Auryn" or the "Company") is pleased to announce initial rock sampling results from ...

VANCOUVER, BC / ACCESSWIRE / February 6, 2020 / Auryn Resources Inc. (AUG)(NYSE American:AUG) ("Auryn" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement for gross proceeds of CAD$10.1 million which consisted of the issuance of 6,312,500 common shares (the "Shares") priced at CAD$1.60 per Share (the "Offering"). Concurrent with the closing of the Offering, the Company completed the amendment to its September 2019 bridge loan (the "Loan Amendment"). The Loan Amendment allows the lender to convert the $3 million of principal that has been advanced to-date, and $123,334 of interest that has accrued to-date, into common shares at the placement price of $1.60, allowing for the issuance of up to 1,952,084 common shares on conversion.

VANCOUVER, BC / ACCESSWIRE / February 27, 2020 / Auryn Resources Inc. (AUG)(NYSE American:AUG) ("Auryn" or the "Company") is pleased to announce that due to increased interest, a second allotment has closed in its previously announced non-brokered private placement through the issuing of an additional 3,062,500 common shares (the "Shares") priced at CAD$1.60 per Share for gross proceeds of CAD$4.9 million (the "Offering"). Auryn raised a total of CAD$15 million through the issuance of 9,375,000 common shares in February 2020, putting the Company in a strong financial position.

As of late, it has definitely been a great time to be an investor Auryn Resources