Argonaut Gold Inc (AR) Receives “Outperform” Rating from Scotiabank
Scotiabank reiterated their outperform rating on shares of Argonaut Gold Inc (TSE:AR) in a report released on Tuesday morning. The brokerage currently has a C$5.00 price target on the mining company’s stock.
Other research analysts have also recently issued research reports about the company. CIBC decreased their target price on Argonaut Gold from C$3.75 to C$3.25 in a research note on Tuesday. BMO Capital Markets decreased their price target on Argonaut Gold from C$4.50 to C$3.50 and set a market perform rating for the company in a research report on Tuesday. Desjardins upgraded Argonaut Gold from a hold rating to a buy rating and increased their price target for the company from C$4.00 to C$4.70 in a research report on Tuesday, August 16th. Finally, Canaccord Genuity increased their price target on Argonaut Gold from C$3.00 to C$4.25 in a research report on Tuesday, July 12th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Argonaut Gold currently has a consensus rating of Hold and an average target price of C$4.28.
Argonaut Gold (TSE:AR) opened at 2.95 on Tuesday. The stock’s 50 day moving average is $3.37 and its 200-day moving average is $3.24. The firm’s market cap is $467.48 million. Argonaut Gold has a 1-year low of $0.78 and a 1-year high of $4.45.
About Argonaut Gold
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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