Argonaut Gold Inc (TSE:AR) has been given a consensus rating of “Hold” by the seven research firms that are presently covering the stock. Three equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$4.21.

AR has been the topic of a number of recent analyst reports. Desjardins raised shares of Argonaut Gold from a “hold” rating to a “buy” rating and lifted their price target for the company from C$4.00 to C$4.70 in a research report on Tuesday, August 16th. Canaccord Genuity dropped their price target on shares of Argonaut Gold from C$4.25 to C$3.25 in a research report on Monday, October 24th. CIBC dropped their price target on shares of Argonaut Gold from C$3.75 to C$3.25 in a research report on Tuesday, October 18th. Scotiabank reissued an “outperform” rating and issued a C$5.00 price target on shares of Argonaut Gold in a research report on Thursday, August 18th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a C$4.50 price target on shares of Argonaut Gold in a research report on Monday, November 21st.

Argonaut Gold (TSE:AR) traded down 1.90% on Tuesday, reaching $2.58. The company had a trading volume of 142,858 shares. The firm’s market capitalization is $408.84 million. The company’s 50-day moving average price is $2.73 and its 200 day moving average price is $3.29. Argonaut Gold has a 1-year low of $0.78 and a 1-year high of $4.45.

WARNING: “Argonaut Gold Inc (AR) Given Average Recommendation of “Hold” by Analysts” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2016/11/29/argonaut-gold-inc-ar-given-average-recommendation-of-hold-by-analysts.html.

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.

Receive News & Stock Ratings for Argonaut Gold Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Argonaut Gold Inc and related stocks with our FREE daily email newsletter.