Argonaut Gold (OTCMKTS:ARNGF) Upgraded by Canaccord Genuity Group to Hold

Canaccord Genuity Group upgraded shares of Argonaut Gold (OTCMKTS:ARNGF – Get Rating) from a sell rating to a hold rating in a research note released on Monday, The Fly reports. The firm currently has C$1.50 price objective on the stock.

A number of other research firms also recently commented on ARNGF. Desjardins lowered their target price on Argonaut Gold from C$3.25 to C$2.50 in a research report on Monday, May 16th. Scotiabank lowered their target price on Argonaut Gold from C$3.50 to C$3.00 in a research report on Thursday, May 12th.

OTCMKTS ARNGF opened at $1.00 on Monday. Argonaut Gold has a one year low of $0.85 and a one year high of $3.23. The stock has a 50 day moving average price of $1.67 and a 200-day moving average price of $1.93.

Argonaut Gold Company Profile (Get Rating)

Argonaut Gold Inc is a Canadian company engaged in gold mining, mine development, and mineral exploration activities at gold-bearing mineral properties in North America. Its primary assets include the El Castillo and San Agustin mines, which together form the El Castillo Complex located in Durango, Mexico; the La Colorada mine located in Sonora, Mexico; the Florida Canyon mine in Nevada, the United States; and the Cerro del Gallo project in Guanajuato, Mexico.

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