Argonaut Gold Now Covered by Analysts at Scotiabank (AR)
Stock analysts at Scotiabank began coverage on shares of Argonaut Gold (TSE:AR) in a report issued on Friday, Analyst Ratings Net reports. The firm set an “outperform” rating and a C$10.00 price target on the stock. Scotiabank’s price target points to a potential upside of 55.76% from the stock’s previous close.
AR has been the subject of a number of other recent research reports. Analysts at Stonecap Securities cut their price target on shares of Argonaut Gold from C$9.25 to C$9.00 in a research note to investors on Thursday, October 17th. They now have an “outperform” rating on the stock. Separately, analysts at Mackie downgraded shares of Argonaut Gold from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, August 14th. They now have a C$8.50 price target on the stock, down previously from C$8.75. Finally, analysts at BMO Capital Markets raised their price target on shares of Argonaut Gold from C$7.00 to C$9.50 in a research note to investors on Wednesday, August 14th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of C$9.29.
Argonaut Gold (TSE:AR) traded up 0.31% on Friday, hitting $6.44. The stock had a trading volume of 321,869 shares. Argonaut Gold has a 1-year low of $5.03 and a 1-year high of $11.04. The stock has a 50-day moving average of $7.20 and a 200-day moving average of $7.05. The company has a market cap of $960.0 million and a P/E ratio of 10.70.
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