Royal Bank Of Canada Reiterates Sector Perform Rating for Argonaut Gold Inc (AR)
Argonaut Gold Inc (TSE:AR)‘s stock had its “sector perform” rating restated by equities research analysts at Royal Bank Of Canada in a research report issued on Monday. They currently have a C$4.50 target price on the mining company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 71.76% from the stock’s current price.
AR has been the topic of several other reports. Scotiabank reaffirmed an “outperform” rating and set a C$5.00 target price on shares of Argonaut Gold in a report on Friday, July 29th. Desjardins raised Argonaut Gold from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$4.00 to C$4.70 in a report on Tuesday, August 16th. BMO Capital Markets cut their target price on Argonaut Gold from C$4.50 to C$3.50 and set a “market perform” rating on the stock in a report on Tuesday, October 18th. CIBC cut their target price on Argonaut Gold from C$3.75 to C$3.25 in a report on Tuesday, October 18th. Finally, Canaccord Genuity cut their target price on Argonaut Gold from C$4.25 to C$3.25 in a report on Monday, October 24th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of C$4.21.
Argonaut Gold (TSE:AR) opened at 2.62 on Monday. The firm’s market capitalization is $415.18 million. Argonaut Gold has a 52-week low of $0.78 and a 52-week high of $4.45. The stock’s 50 day moving average price is $2.76 and its 200 day moving average price is $3.30.
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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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