Argonaut Gold Inc (AR) Earns Outperform Rating from Scotiabank
Argonaut Gold Inc (TSE:AR)‘s stock had its “outperform” rating reiterated by investment analysts at Scotiabank in a report issued on Tuesday. They presently have a C$5.00 price target on the mining company’s stock. Scotiabank’s price target suggests a potential upside of 73.61% from the stock’s current price.
Several other equities research analysts have also commented on AR. Canaccord Genuity increased their price objective on shares of Argonaut Gold from C$3.00 to C$4.25 in a research note on Tuesday, July 12th. BMO Capital Markets lowered shares of Argonaut Gold from an “outperform” rating to a “market perform” rating in a research note on Friday, July 15th. Finally, Desjardins upgraded shares of Argonaut Gold from a “hold” rating to a “buy” rating and raised their price target for the stock from C$4.00 to C$4.70 in a research note on Tuesday, August 16th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$3.92.
Shares of Argonaut Gold (TSE:AR) traded down 4.51% during midday trading on Tuesday, hitting $2.75. The company had a trading volume of 1,019,727 shares. Argonaut Gold has a 12-month low of $0.78 and a 12-month high of $4.45. The company’s market capitalization is $435.79 million. The company’s 50-day moving average price is $3.58 and its 200 day moving average price is $3.18.
Argonaut Gold Company Profile
Argonaut Gold Inc is engaged in gold mining, mine development and mineral exploration activities at gold-bearing mineral properties in North America. The Company’s segments are El Castillo, La Colorada, San Antonio, Magino, and Corporate and other. It owns the producing El Castillo mine in the State of Durango, Mexico; the producing La Colorada mine in the State of Sonora, Mexico; the advanced exploration-stage San Antonio property in the State of Baja California Sur, Mexico; the advanced exploration-stage Magino property in the Province of Ontario, Canada; the advanced exploration-stage San Agustin property located approximately 10 kilometers from the El Castillo mine in the State of Durango, Mexico, and various other exploration stage projects, all of which are located in North America.
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